Saturday, November 6, 2010
11-07 cycles weekend update
Monday by around 12:00-1:00 pm we should have a 5.5 day cycle turn down. This (along with one other shorter cycle down) may give us a pullback into Wednesday close. I do not expect it to be more than a moderate pullback of 15 or so S&P points. Here is a chart showing 2 short cycles:
Longer term we have a 40.68 month (3.39 yr) cycle set to top in 2 weeks around Nov 19. This will lessen upside momentum and in December may even add to downside pressure. In mid January we have a 1 year cycle topping and turning down. We also have a 2 year cycle down into May. So sideways to a bit up thru November, sideways to a bit down in December. Then we get a sizeable downturn starting mid to late January which will last into early to mid May.... Here is a how it looks visually the next 2-3 months.