Rabu, 03 Agustus 2011

Wall (20 week) cycle - bottom today or in 2 weeks?

If you follow my posts and comments to those posts  you know that Shadow7 thinks the 20 week cycle bottomed today, whereas I have it positioned to bottom in about 2 weeks.  Now David Knox Barker is the authority on the Kitchin and Wall cycles IMO.  So see what he thinks:  http://www.safehaven.com/article/20555/tracking-the-wall-cycles-in-search-of-the-business-cycle-top-in-2011 (I believe this is his last article on the subject).  Now I copied the second chart inverted colors to make it more readable and added a couple of notations in the bottom right corner.  Here is Barker's chart with my notations:

Traders - you decide.  Now or in two weeks? Now I agree that the 20 week cycle has reached the point where it is starting to (should) exert maximum downside momentum.

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