comments and outlook 02-11

My call for yesterday of weakness for most of the day was OK.  Looks like my call for the week though will miss the mark unless we get a strong down tomorrow.  Which is possible but does not appear to be a strong possibility.

I have shown the longer of the short term cycles (11 and 22 days) and  turned down now.  Tomorrow will tell us how soon they have an impact.  We have other cycles up in the am but turning down duting the day.  So I think there is the possibility of some selling in the afternoon.

Here are charts:

GL traders, do your own analysis and protect profits with stop orders.