11-14-2011 outlook

Friday advanced, we expected at least a modest pull back.  With the alignment of the cycles now today should be down (and could be down substantially). 

I updated  the cycle amplitudes (DPO) so as to incorporate last week's data.  Here is the charts:

All the swing cycles except the 22TD cycle are down.  The amplitude of these cycles less the 22TD cycle is about 40 points.  A move of this magnitude would put SPX in line with the average for the 34TD cycle over the past 11 days (1225 or so).  Here is the SPX swing cycles (my interpretation):

Gl traders.  Do your own analysis.