DJIA: Hurst Cycles - 23rd Feb 2022
Dow Jones Industrial Average | Phasing Analysis Update, Outlook & Trading Strategy
Components greater than and including the 18 month nominal cycle
Components less than and including the 18 month nominal cycle
Components around the 80 day nominal cycle
Price action in the DJIA is, of course, very similar to the S&P 500 which we also reported on today. The only difference is relative amplitude modulation. Frequency components are the same (plus some noise component) but our interpretation of their position is affected by the amplitude modulation. So, this report is a good opportunity to look at the alternative phasing which expects a 40 week low at the end of March.