Tuesday, February 28, 2012

Mar 2012 outlook

It appears the longer 20 week Wall cycle should top Mar 1.  At the same time you have shorter cycles that have just bottomed .  So we start the month with offsetting cycles.  It will take a week or more for the 20 week Wall cycle to build down side momentum.  I suspect we continue sideways at least thru the first full week of March.  We will have to see if the 20 week Wall cycle has enough strenth to give us a bit of down side.  By mid-March we get cycles sychronized to the downside  (Ides of March).

Here is how I see the SPX going into March:

Gl.  More of the same?

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