Outlook week of Jul 29, 2013

The 1/3 Kitchin cycle bottomed in Mid November and is 13.5 months long which implies a top in late May or early June.  So this cycle is now down, but early in its down phase so the effect is still minimal. 

A 1/3 Kitchin is sub divided into 3 Wall cycles (4.5 months, 20 weeks+, 102 days).  So the top of the 1/3 Kitchin cycle marks the top of the second of 3 Wall cycles in a 1/3 Kitchin cycle.  So the Wall cycle is down for about 4 weeks now and has medium down impact.

The Kitchin cycle is up (41-42 months) but early in its up phase.  So the longer cycles have a minor impact to the down side....

Shorter cycles such as the 1/2 and 1/8 Wall  offset, so overall it appears we have a mixed bag. The last signal from our analysis/charts was a sell signal.  The week will probably work sideways with a downside bias.

GL

Update Jul 30 close - RS complete (?) and ready for arm down: