So far have managed to do OK with short term trades in 2016. Past week was not great, less than 1% gain, but have a small position at week end in RWM that I feel positive about.
Short term charts to help short trades:
Good luck traders
.
Friday, January 22, 2016
Jan 25, 2016 weekly outlook
Three of 4 cycles down on chart. Also longer cycles (3 1/2 and 7 years) set to bottom in about 6 weeks. Past week ended up as 2 shorter cycles managed to overcome down side pressure. Expect the sell down to resume next week (and continue past that until longer cycles bottom). We have a lot of down and up volatility to trade.
So far have managed to do OK with short term trades in 2016. Past week was not great, less than 1% gain, but have a small position at week end in RWM that I feel positive about.
Short term charts to help short trades:
Good luck traders
.
So far have managed to do OK with short term trades in 2016. Past week was not great, less than 1% gain, but have a small position at week end in RWM that I feel positive about.
Short term charts to help short trades:
Good luck traders
.
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Hi, do you see a bear market now underway once the longterm cycles bottom mid February 2016. Whats your experience of cycles during bear market ? Can you share some charts ?Many thanks, Jaze
ReplyDeleteSome indexes (Transport, Russell 2000, foreign indexes (China, FTSE, etc.)) are in bear market territory if you use the down 20% standard definition. I believe the odds favor the SPX and DJIA achieving "bear" levels in February. Or, are we already in a bear market as some Indices suggest?
ReplyDeleteTime will tell.
Monday after close - replaced short term charts
ReplyDelete