Wednesday, September 7, 2011

outlook for 09-08-2011

Darn am I red faced.  I was expecting a sinker and got a fast ball today.  Hard to be much more wrong than I was today.  Oh well, I had a few good days and I was due a loser.  The short cycles seemed to have built up some pressure and exploded up today.

Maybe a bit more upside in the morning (test 1208 level?).  But nearly ever cycle is down or ready to turn down. The only cycle up all day is the 11.2TD cycle (assuming I have the placement properly).  So we get a bit of up bias early and then sell down.  What will be the trigger.  Doesn't Benny have a conference in the morning?  Maybe Benny will say something the market doesn't like.  We will see.

Here is the SPX swing cycles:

 GL traders. 

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