I believe we saw the peak of the 22TD and 20 week (Wall) cycles today. We should sell off tomorrow morning and recover some toward the end of the day as the shorter cycles turn up. Here is the SPX swing cycles:
Selasa, 18 Oktober 2011
10-19-2011 outlook
IBM was light on revenues, INTC beats, AAPL misses. Seems that not all tech companies are going to beat estimates and that will make for an interesting earnings season and probably will not be good for stock prices.
I believe we saw the peak of the 22TD and 20 week (Wall) cycles today. We should sell off tomorrow morning and recover some toward the end of the day as the shorter cycles turn up. Here is the SPX swing cycles:
GL traders. Be careful. Do your own analysis.
I believe we saw the peak of the 22TD and 20 week (Wall) cycles today. We should sell off tomorrow morning and recover some toward the end of the day as the shorter cycles turn up. Here is the SPX swing cycles:
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