Monday, April 11, 2011

comments and outlook 04-12-2011

Today started out with a uptick (as expected) and then drifted lower during the day (as expected). 

Tomorrow the 33TD, 11.2TD and 2.8TD cycles are down.  The  20 week (Wall) and 5.6TD cycles are up.  I expect the bias to be down tomorrow and the market to be down at the end of the day (5-10 point loss?).

Here is the visual:

GL traders.  Do your own analysis.

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