Sunday, April 17, 2011

comments and outlook for week of 04-18-2011

Things are a bit confused at this time.  If I am right the 33TD cycle is fading and the 22TD cycle is emerging.  I would think this possibility is better than 50%.   So with this in mind I believe the probabilities favor an up week.  If I am wrong then the 33TD cycle should bottom (that favors a down week).

Here is a visual of IF   I am right (cycles adjusted to reflect the change):

Tomorrow could possible be down, I expect it to be flattish. 

GL traders.  Do your own analysis.
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2 comments:

  1. shadow7April 20, 2011 at 4:07 AM

    11 Day is up and 20WK Wall Cycle is picking up momentum...reason for this strong up on the 5 day cycle.

    ReplyDelete
  2. InletApril 20, 2011 at 9:46 AM

    Shadow7 -

    May be - we will see. I think it is more than that.

    ReplyDelete

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