Monday, February 17, 2014

Week of Feb17, 2014 outlook

Completely off target last week....

Looks like short cycle top during week, but 24 day cycle (1/4 Wall)  remains up.  Wall cycle and 1/2 wall cycle down. So up for 2 days then down..

Even though we saw a buy the dip reflex  in 2014 it seems we have seen or should see a top soon.  We had a sideways move with fairly even spaced tops followed by an upside breakout.  This happened in 1929, 1937, 1987,  2000 and 2007.  Here is a visual for your consideration showing 2013 sideways and upside breakout:

GL traders

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