Wednesday, April 20, 2011

comments and outlook 04-20-2011 midday

I speculated over the weekend that the 33TD cycle had faded and the 22TD cycle was emerging as dominant.  This week's action seems to support that.   

I have been trying to pinpoint the primary focal point for the cycles, and believe that now has become clearer.  Now I expect we will also see a 45-50 day cycle emerge as a dominant (Jim Curry has mid-March as a bottom for the 45 day cycle).  Another site I follow has mentioned the 22 day cycle. 

Here is my current interpretation of the cycle positions:

GL traders.  Do your own analysis.  May get some afternoon pullback?  

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