4 replies to this topic

[airedale88]

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.

[BigBadBear]

Thanks Air. Look forward to your posts. Will now proceed with caution.

[Echo]

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

[Newcal]

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

[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

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