Sunday, October 31, 2010

Week of 11-01-2010 short cycles

You have a couple of shorter term cycles down next week.  This is in an environment where longer cycles are up and seem to be dominant.  Still these shorter cycles could give us some downside potential (say 15-20 S&P points during the week).   See for yourself:

NOTE: the $cpce may be signalling a pullback also (see chart).

On the other hand the forcast produced by for the week is tilted bullish:

So I suggest you be careful.  You can probably buy drops and sell pops, but expect modest profits as the market could be slightly higher or slightly lower by the end of the week, but probably will not make any large moves.

No comments:

Post a Comment