09-22-2011

The market was down and down more than I expected....  Not much doubt in my mind the bias is now down for the next 3-4 days.

Tomorrow we have the 2.8TD cycle up and the 5.6TD cycle up.  The 11.2TD cycle is down.  By now this 11.2TD cycle should be accelerating into its maximum downside momentum.  So even though the 2 shorter cycles are up the best case for the bulls IMO is a flat day tomorrow, but I believe it could easily be down 10 S&P points.

Here is the SPX showing these short swing cycles:

GL traders,  My RWM position looking good, QID position is lagging.