Appears a short term bottom was set and I would expect an attempt to rally next week. Then early in Sept a short pullback and a rally into Oct and a more sustained pullback into the end of the year the last 2 months of 2013.
Here is how it looks from the alignment of the cycles:
I'll try to update shorter cycle impacts as we progress.... I have a limit order to buy
RWM currently.
RWM now OK to buy:
RWM up almost 3% since yesterday afternoon:
Nice bounce from where I posted chart with comment "now OK to buy"...
ReplyDeleteThe rally attempt Monday failed and the market ended down. The RWM buy signal was the clue that the rally would fail. At least the RWM buy is working.
ReplyDelete