Tuesday, March 1, 2011

comments and outlook 03-02

Yesterday I questioned on one of the charts if I had the bottoms correctly positioned.  Well today's action proved I should have listened to myself and repositioned the cycles.  I have done that as my call for today was a total miss.  I have now repositoned my interpretation of the positioning of these cycles. 

The 11 day, 5.5+ day cycle, 2.75 day cycle are now down.  So tomorrow should continue down.  I have a target of 1290-1300 for tomorrow.

Here are the charts:

GL trades.  Do your own analysis. 

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