Tuesday, February 15, 2011

Comments and outlook for 02-16

Some red on the tape today - all 3 indexes.  We speculated with short cycles down this may happen.  Unsure if this is just a short term "blip" down or the start of something bigger.  Use care and keep your stops in place.

Tomorrow we start off with the short cycles down so we may get some continuation.  By afternoon the 2 shortest cycles turn up.  So we should see a down bias first half of the day and sideways the second half of the day based on the shorter cycles.  Of course, if today was the start of a bigger correction the entire day could be downward biased.


Here is the shorter cycles:

Gl traders.  Do your own analysis....
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3 comments:

  1. shadow7February 16, 2011 at 11:42 AM

    Excellent call....action was dead on. I played GOOG with the cycle and EW theory..plus a few other techs and it worked out well.

    ReplyDelete
  2. shadow7February 16, 2011 at 11:43 AM

    Looks like the 11TD is pushing things upwards still. So after Friday or Monday I think things will accelerate downwards.

    ReplyDelete
  3. InletFebruary 16, 2011 at 6:05 PM

    Shadow7 - seems if you could "call the open" you cover the day's action.

    ReplyDelete

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