Saturday, September 12, 2015

Sept 14, 2015 weekly outlook

Expected the week just past to be negative biased, but it had a positive bias. Seems there are enough shorter cycles in an "up" phase to offset the longer cycles being down for the present.  Still a sideways movement expected as the market consolidates and resolves the next move up or down.  So a choppy market with 1-2% daily moves.  With the prior week up - will this week be down?

Some are looking at Tetrad (the fourth blood moon in a short period and Shemitah as indicators of a potential market crash in the coming couple of weeks (29 day of elul on the Jewish calendar).  A Black Monday?   Regardless we are over due a 20% market pull back over the remainder of 2015.


GL traders

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