Saturday, September 28, 2013

Week of Sep 30, 2013 outlook

The lunar (23TD) cycle appears to be the dominant shorter cycle.  It is now about hallway through its down leg  which suggests that we should have a second week down. The move should be about 1% (15 or so points) for the week.  Hope this visual helps:

GL traders

Hourly chart SnP - Head and Shoulders (symmetrical) pattern suggests down trend in effect:







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2 comments:

  1. Trading SunsetSeptember 28, 2013 at 1:08 PM

    Yep, give the bears another 1%...at most..and then another wave higher.

    The shutdown ..if there is one, will be a short issue, and then the big funds will be piling in for the autumn.

    ReplyDelete
  2. InletSeptember 30, 2013 at 10:45 AM

    13 year cycle: http://finance.yahoo.com/news/13-cycle-projects-p-500-170716705.html

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