Using my Advance-Decline oscillator, here are my current projected cycle turn dates for the S&P:
Top
September 22 (based on the accumulation pattern at the July 2 low)
September 29-October 1 (based on the accumulation pattern in late August)
I expect the top to form in this late September range. I'm watching to see if a distribution pattern develops.
Bottom
October 11-18 (based on the distribution pattern in early August)
These turn dates are subject to change as information develops. For more on my Advance-Decline oscillator, see the September 9, 2010 blog entry below.
Prior Cycle Turn Date projections using my Advance-Decline oscillator:
ReplyDeleteBottom:
August 26 - September 2 (based on distribution pattern in early August).
Actual bottom was August 27.
Top:
July 29 - August 2 (based on accumulation pattern in early June)
Actual top August 9. The August 9 top was 2 points higher than the August 2 high.
Bottom:
June 25 - July 7 (based on distribution pattern in mid- to late-April)
Actual bottom was July 1.