Rabu, 29 Desember 2010

12-29 mid week cycle update

No change from the weekend.  We have 2 swing cycles ready to bottom (turn up), 1 down and the 1 year cycle to turn down within days (early Jan?).  Given 3 days up I would say the chance are better than 50-50 we end the week up, even though we mught get a pullback on bottoming cycles.  In total though it appears cycles are offsetting (swing cycles and longer cycles).   No sell signals yet, though they may be forthcoming soon (and may not?).

Here is the SPX:

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