Wednesday, March 6, 2013

market update Mar 6, 2013

Market continues to extend up past expected top.  As I have noted in an uptrending market (covering multiple shorter cycles) the shorter cycles tend to be right translated (up legs longer - time and points) than the down leg.  Of course this is getting a bit over  done!!!  Today though was mixed (NAZ down).

Still, market beginning to look a lot like it did from June thru mid November 2012.  Maybe it will play out that way again?  Here is a visual (DOW):

Gl traders