Friday, February 19, 2016

weekly outlook for feb 22, 2016

As expected a bottom was set Thursday Feb 11 and that was followed by a turn up Friday and the 4 trading days in the week just past..  The pivot off the bottom takes a bit of time to develop upside momentum so the shorter cycles will result in a sideways to slightly up  this last week of February.

GL traders

An alternate cycle interpretation (Hurst cycles bottoming in March - 54, 18 month long cycles).  Shorter cycles include 20 weeks and 40 weeks,,,,,



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