Wednesday, March 30, 2011

comments and outlook 03-31

Just no holding this 33 day cycle back.  Of course, I have been talking about the strength of this cycle for almost a week now. I thought maybe (just maybe) we would get a "real" pause today.  Didn't happen.

I see no reason to believe we get a pause tomorrow other than the shorter cycles being down.  But hat hasn't seemed to make a lot of difference lately.  If we are to get a decent pullback between now and the end of the first week in April - this is our best chance IMO.  We seemed to be getting a smidgen of a pullback at the close. Having said that we will probably go up and test the Feb 18 highs tomorrow.

Here is the view:

GL traders.  Do your own analysis.

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