Monday, December 19, 2011
12-20-2011 outlook
The market continues to suggest that a cycle longer than those I normally track for swing trades is having a noticeable impact. I believe that cycle is the 20 week (Wall cycle) which is down for the next 3-4 weeks. Here is that cycle:
FWIW here is my interpretation of the SPX shorter swing cycles:
If I am right about the longer cycle the market bias should be negative for the next 3 or so weeks. GL traders.
Subscribe to:
Post Comments (Atom)
Looks like your cycles show we could get a little POP in a day or two.
ReplyDeleteI read that there are US bond auctions today & tomorrow, so perhaps the Feds are scaring people into buying bonds and then the markets will reverse.
Just to note, I still hold the solar stock LDK. It has made a nice move lately, but why?? Motley Fool wrote that there is a large short position and that Morgan Stanley & GS have been buying. Maybe they are taking advantage of the shorts.