Monday, March 28, 2011

comments and outlook for 02-29

Today was the pause that refreshes.  Not really a surprise - hard to determine if it would be up a little, down a little or flat.  Most of the day it was up and sold the close.  Overall though the day was pretty much flat. 

This was the result of the 11 day cycle pushing hard to a bottom.  It should bottom tomorrow so I would not be surprised if we got a similar down tomorrow.  Of course, it could also be flat or up a little as the 11 day cycle pushes down and the 33 cycle day pushes up.  So I'm guessing - we get a 2 day pause before and then continue up thru the first week of April.

Here is a chart:

GL traders.  Do your own analysis.

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