Comments and 02-18 outlook

Again it came down to a "guess the open" type day.  We opened down and then saw the expected move up.  The afternoon and close a little stronger than expected.  Still not a bad call for the day.

Tomorrow we should have the 5 day, 8 day and 11 day cycles up and topping by Tue next week  The shorter cycles are down most of the day.   Expect these 3 longer cycles to set the aura for the day and the market to move up most of the day.  May get a push into the close as 2 of the 3 short cycles will have bottomed during the day.

Here are charts:


GL traders.  Do your own analysis and keep those stops in place to protect profits.