Wednesday, February 13, 2013

February 2013 update II

When you have one cycle topping (34 TD cycle)as another similiar length cycle (23 TD cycle) is bottoming you have a situation where they cancel each other out.  As a result you get a sideways move which may have a slight upward or downward bias. this situation  may exist for several days as appears to have happened over the last few days. 

This situation is about to be resolved.  The Wall cycle should have also topped and is turning  down.  The longer cycles (kitchin and 1/3 kitchin) continue up offsetting to some extent the downside of the Wall cycle.  The 34TD  cycle is turning down, but the 23 day cycle is turning up.  So expect a slow meltdown over the next 2 weeks and then a little more forceful selldown in early March after the 23 TD cycle turns down.

Here is a visual:



GL traders

 

Shorter 8 TD cycle (~ 11 calender days avg) -

FEB 15 update - 8TD cycle:

GL

2 comments:

  1. Hi, Inlet. It is so good to see you back in action. I didn't realize you are at Myrtle Beach! I am in Charlotte. Glad you are feeling stronger...it's a wonderful place to be for healing. Best, Nancy

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  2. sister - had picked up from your posts you were in Charlotte. Actually in Murrells Inlet (between Myrtle Beach and Pawley's Island south of MB) out of the main tourist area so it is quiet and laid back.

    Was in north Charlotte area recently (Concord/Huntersville/Research Park) and was amazed that so much building is still going on in this area. Hardly rcognize the area from when I lived there (near UNC Charlotte) in the early 90s.

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