Saturday, November 8, 2014

Nov 10, 2014 weekly outlook (Updated Nov 12)

Less downside pressure than expected as market continued to push ever so slowly higher.  Still it looks like a top formed.  We should see a mid cycle  (40+ TDs cycle) by Nov 17 after a right translated top this past week.  I do not expect a large pull back as this is a mid cycle pull back.  See prior mid cycles for an idea of the extent of mid cycle corrections (usually 2% or so).

Here is a visual:

GL traders

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