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Is This 7-Year Cycle At An Important High?

Published 05/27/2014, 11:25 AM
Updated 07/09/2023, 06:31 AM

The NYSE Composite

What do the highs in 2000 and 2007 and the lows in 2002 and 2009 have in common? Each took place 7 years apart in the broad-based NYSE Composite Index.

Odds are most likely slim that a key high takes place 7 years after the 2007 highs took place, based upon this cycle. I do find it interesting that line (1), which is drawn off several key emotipoints (emotional highs/lows) dating all the way back to the early 1980's, could be coming into place a few percent above current prices at a 7-year time window.

Currently the NYSE index and the NYSE advance/decline line are at/near all-time highs, acting healthy at this time. For the 7-year time window to have an impact again, some weakness in the Advance/Decline lines would need to start showing up. 

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