Sent to my subscribers this weekend:
The 8 day cycle low came 2 days early last week on Wednesday and the full moon on Thursday reversed the market upward on Friday and snapped back perfectly to the up trend line broken Wednesday. Thursday was the 27 day cycle low. The next 4/8 day cycle top is due between Nov 11 and Nov 15. It is imperative that we continue to make a higher highs into Tuesday to SPX 1280 to keep the up trend in tact. If so, we should see a repeat of a Wednesday/Thursday drop like we had last week.
The next important low is the 16/32 TD lo due Thursday next week. SPX 1229 needs to hold. If it does, then 1298 is in the picture for OPEX.
If early next week deviates from this pattern, then 1190 is forecast for Thursday and we have more serious problems ahead for the market.
Daily MACD is in negative territory and needs to be watched for a kiss back "Kiss of Death" that may come next OPEX where the 16 day cycle top is due.
We had a great week with our TNA/TZA ETF trades at +12.7%. Our Mutual Fund end of the day NAV switch was Mon: cash, Tues: short, Wed: long, Thur: long; Fri: cash
We lost a little on Friday with our ETF trades by shorting a too early at SPX 1258, 1263 and 1264, but covering at 1262.
We are in cash for the weekend awaiting Monday and Tuesday's trading to give us clues as to how to proceed for the week.
Bradley Ray Gudgeon
Future Wave Market Timer
Week Ahead
Started by
blustar
, Nov 12 2011 08:56 AM
No replies to this topic