Saturday, December 8, 2012

December 2012 update I

Less movement than I thought would happen this past week.  Mixed close with S&P and DOW up, but NAZ down.   I had though the market as a whole would be down 1-2%.  Did not happen.

I have shifted my charts (short term cycles) a bit to better fit the data (I hope?).  The 22 TD cycle (lunar cycle) topped in late November and should bottom by late next week.  This cycle seems to have the most short term impact so we may get a 3-4% pull back during the week.  CCI dropped belown +100 which I view as a short term trading sell signal. Time will tell.

Here is a visual:

GL traders

1 comment:

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