Th downturn is now taking a break as the shorter 1/4 Wall cycle has turned up. This will probably last a week or a bit more. The 1/2 wall cycle is down, the wall cycle is down but these will take a few days to build downside momentum. Could we set a new S&P high? Maybe, but I am doubtful this will happen as the Kitchin Cycle should be entering a "hard down" phase. Overall - it appears we trend sideways with a slight upside bias near term (next week or so).
Here is a visual:
GL traders.
Probably 1 more post before I enter the hospital for needed surgery after which I expect to be offline for at least 3-4 weeks as I recover. The next few weeks (and months) could get very interesting as we get a preview of the upcoming bottom in 2013-2014 as several major cycles bottom by 2014. The Kitchin cycle bottoming by mid-September or early October this year gives you that preview.
Tidak ada komentar:
Posting Komentar