Saturday, July 16, 2011
Comments an the week of 07-18-2011
The DPO (cycle amplitude of the 22TD cycle is about 50pts over 11+ days. This is about 4.5 points a day to the upside next week (and into the end of July). The DPO of the 34TD cycle is about 60 points or about 3.5 points to the downside each day. So these 2 cycles provide about 5 points of upside for the week.
In summary the week looks flat and shows the potential to end 4-5 points higher for the week as I interpret the charts.
GL traders. As always, do your own analysis, Sideways markets can offer some decent short term trading opportunities - day trading or a 2 day trade. You will need to look at shorter cycles to try and get the best entries and exits.