cycles
#1
Posted 09 February 2007 - 10:36 AM
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#2
Posted 09 February 2007 - 10:51 AM
#3
Posted 09 February 2007 - 11:26 AM
it's early in the day but unless the broader averages such as NYSE and V Line start acting stronger today i think the markets will not reach those short term higher price targets i posted earlier this week. we may have topped on the 2.5 and 5 wk cycle with a bottom due for both next week.
Yes aire, agree. Have taken profits on some of the mdy bot 1/25 and tighten the stops on the rest and the spy and iwm positions this morning. Also don't like the relative weakness of rut and mid - they have been a day earlier/leading cyclically of late.
echo
#4
Posted 09 February 2007 - 01:28 PM
#5
Posted 09 February 2007 - 05:04 PM
If the decline into the 5-week cycle low goes beyond Monday, would this mean that the nominal 20-week cycle is expanding beyond 48 trading days?
Thanks
not sure where you are counting from. as discussed yesterday, 5wk low due Tues-Thursday range, so going beyond Mon is not unexpected.
48 td is in the range for the nominal 10wk cycle, not the 20wk as you stated.
Echo
If the decline into the 5-week cycle low goes beyond Monday, would this mean that the nominal 20-week cycle is expanding beyond 48 trading days?
Thanks