DJIA: Hurst Cycles - 1st November 2022
A bullish move from a low on the 13th October increases the likelihood of the much anticipated 18 month nominal low having occurred. We look at the new evidence and the phasing outlook
Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend
Analysis Summary
In our last report we anticipated the low of the 18 month component and discussed whether it may actually be at the proposed 40 day nominal component low in mid October.
This has now proved likely to be…