10-11-2011 outlook

Germany and France have a plan to come up with a plan...  Guess if they had an actual plan the market would have been up 1000 points.  Hehehe  As I mentioned last week it appeared the longer swing cycles may be regaining dominance.  I'd say after today's (11.2TD and 22TD cycles up, 5.6 and 2.8TD cycles down) action we can assume that is the case. 

So here are the longer of the swing cycles   (SPX):

Note that the 34TD cycle is also up at this time.  I have upped my upside target to around 1215.  The 11.2TD cycle should top tomorrow, which should provide some restraint to push up once it tops, but the 22TD cycle has about 5-6 TDs before it tops (Oct 17-18?).  The 34TD cycle  will top around the same time.  So this should provide a mid-month top and then a drop into the end of the month.










And here are the shorter cycles  (SPX):

Gl traders.  I bought some QID and RWM today.  Probably early, so I bought half a position and will consider adding if we rise more (QID and RWM fall more).  Do your own analysis.