Photographer: Qilai Shen/Bloomberg
The Friday S&P breakout pointed to 100 to 300 points up in the S&P.
The index gained 50 in the first hour this morning.
The monthly Tesla cycle has hit a low.
The stock has bottomed. Below, we see higher lows in price and momentum plus improving relative strength.
The stock retraced 38.2% of its 2019-2020 gain and has likely completed its correction.
TSLA Monthly Cycle
This monthly cycle has bottomed.
TSLA Daily Graph
Here are technical buy signals.
I bought my first stock in 1966 and then obtained my BS in banking in 1971 and MBA in corporate finance in 1972 from NYU. A study cycles began in the same year. A 9-year
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I bought my first stock in 1966 and then obtained my BS in banking in 1971 and MBA in corporate finance in 1972 from NYU. A study cycles began in the same year. A 9-year psychotherapeutic training apprenticeship followed. Many of my concepts concerning crowd psychology derive from this period. From 1972 to 1990, I worked on both the buy and the sell sides of Wall Street. From 1990 to 2004, I was a technology fund manager, strategist, and a member of the currency hedging committee with the Abu Dhabi Investment Authority. Since 2004, I have operated a service from Vienna, Austria. I am a member of the Kenos Circle, a Vienna-based group of futurists. I combine fundamentals with cycles through unique software as an aid in market forecasting. The influence of cycle theorists such as Ed Dewey, Charles Jayne, George Lindsay, and R.N. Elliott have been most valuable.
