The smoothest measure shows a bounce potential from 8-13 days,
beginning Nov 30, with 36 and 106 day cycles.
Even though the average is flat from 8-13 days, with many bad
cycles there, this is potential spot to bounce, it is the only spot to bounce.
In more noisy high frequency stuff, Tues could be the up day for this week
particularly if Monday is bad. Although the daily could spend more time laterally
through Dec and it probably will given the usual seasonal causes for that,
the place to sell longs is almost always with the initial breadth thrust and the
rest is distribution but too early to short. I would only give it 3-5 days myself long.
I will proably have more to say about weeklies in two weeks and I'll try to do so before this
bounce occurs.
spx daily
Started by
AChartist
, Nov 20 2011 04:32 PM
No replies to this topic
#1
Posted 20 November 2011 - 04:32 PM
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan