Tuesday, July 12, 2011

comments and outlook for 07-13

Update 07-13 10:30 am EDT - Appears I still have the cycles shifted off by 1 day and yesterday was the short term bottom?

Looking for a short term bottom tomorrow as all the short cycles including the 34TD cycle are down.

Here is a visual:

GL traders.  Do your own analysis. Beware of the bears.
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3 comments:

  1. shadow7July 13, 2011 at 9:05 AM

    From the looks of it the 32-33-34TD started on 6/16. And the 22TD started on 6/27. Today looks like peak of the 22TD. Day 12/22TD and 19/34TD. So we are restarting the 5.5 and 11TD. So this should peak on Friday and by Tuesday and Wednesday of next week we should see another bottoming. Yesterday was a bottom.

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  2. shadow7July 13, 2011 at 9:14 AM

    The DOW has done a 50% retracement from the HI on 7/7 to yesterdays LO. So we should just go sideways until Monday or so and then down. I think the big difference between this 64(70)TD Cycle and the previous is that the WALL Cycle will be slamming down also. The critical day is the 24th Day of the 64(70)TD which I calculate being on the 19th-20th. Again I've already called this a significant bottom...and a potential for a serious reversal or continuation to the downside. So next week - Tuesday and Thursday are huge days in my opinion.

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  3. shadow7July 13, 2011 at 9:49 AM

    Reiterating What I said above with a little more:

    1.From the looks of it the 32-33-34TD started on 6/16.
    2.And the 22TD started on 6/27. Yesterday/Today looks like peak of the 22TD.
    3.Day 12/22TD and 19/34TD.
    4.So we are restarting the 5.5 and 11TD. So we have a small changing of the guard going on for the 22TD.
    5.So this should peak on Friday and by Tuesday and Wednesday of next week we should see another bottoming.
    6.Yesterday was a bottom of the 2nd 5.5TD and 1st 11TD. Today we are seeing the restarts of the smaller cycles.
    7.In my count what is causing this boost is the restart of the 5.5TD (2.75UP/DN) and 11TD(5.5UP/DN).
    8.Also the 3rd 8TD and 2nd 16TD of the 32-34TD Cycle is on the rise…so this gives cause for a move up in the market. I should have been this price on Friday.

    9.Right now the DOW has done a 50% retracement from the HI on 7/7 to yesterdays LO.
    10.So we should just go sideways until Monday or so and then down….we could go up and double top…but I just don’t see it. We are now on the backsides of bot the 32-34 and 22 and the 20 WK Wall Cycles. And only on the upside of the 64(70TD) Cycle.
    11.I think the big difference between this 64(70)TD Cycle and the previous is that the WALL Cycle will be slamming down also instead of turning up and this is what reamed us (Wolly and I mainly) around 4/14/2011.
    12.The critical day is the 24th Day of the 64(70)TD which I calculate being on the 19th-20th.
    13.Again I've already called this as a significant pivot point because of a potential for a serious reversal or continuation to the downside.
    14.So next week - Tuesday and Thursday are huge days in my opinion.

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