Friday, March 14, 2014

Mar 17, 2014 weekly outlook

Looks like the down trend could last a bit longer...  At this time it appears we are 8-9 days away from a mid-cycle (4 month) low as the 4 month cycle tops.  So , currently it appears next week will be down with a bottom the following week near the end of March (28th??).  

GL traders

03/17/2014 - an interesting analog:

http://www.financialsense.com/sites/default/files/users/u163/images/2014/0314/11.jpg

http://www.financialsense.com/sites/default/files/users/u163/images/2014/0314/12.jpg

and another analog:


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6 comments:

  1. Trading SunsetMarch 14, 2014 at 5:49 PM

    Hmm..1800/1790...yeah, that seems a natural first downside target.

    However, if market gets upset...I suspect a more sig' decline to 1750/30...back to the Feb' low.

    Seeing VIX in the 18s - with sp'1839..makes me wonder what VIX will be if back in the low 1700s. 25/30..briefly?

    Have a good weekend!

    ReplyDelete
  2. InletMarch 16, 2014 at 1:23 PM

    always hard to get both the time and price right? I would think the 1730/50 level is late May (early June). the DPO I used to estimate the downside was for a 2 month cycle time frame ending late March.

    ReplyDelete
  3. InletMarch 17, 2014 at 10:45 AM

    Friday - full moon low??? http://stockcharts.com/public/520756/tenpp

    ReplyDelete
  4. SandiMarch 21, 2014 at 11:48 PM

    @inlet: april rally?tq

    ReplyDelete
  5. InletMarch 22, 2014 at 4:07 PM

    I think April shows some promise of a rally (financials earnings may boost the market?). Will next week pull back 2-3%?

    ReplyDelete
  6. SandiMarch 23, 2014 at 4:43 AM

    Tq inlet.your best.GBU

    ReplyDelete

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