I saw a couple of market predictors calling for a high Feb 10. The 5 week and 20 week cycles are down. The 10 week cycle is nearing a top (top end of week?). This probably gives us a sideways week with a downward bias for the week.
GL traders
Sunday, February 5, 2017
Feb 6, 2017 weekly outlook
I said last week " Expect sideways action with possible small/moderate gains for the week". SnP 500 was up about 7 points and DOW industrials down slightly - so not a bad call as "sideways is what we got for the week. There was some volatility that could be traded during the week with a spike down during the wee.
I saw a couple of market predictors calling for a high Feb 10. The 5 week and 20 week cycles are down. The 10 week cycle is nearing a top (top end of week?). This probably gives us a sideways week with a downward bias for the week.
GL traders
I saw a couple of market predictors calling for a high Feb 10. The 5 week and 20 week cycles are down. The 10 week cycle is nearing a top (top end of week?). This probably gives us a sideways week with a downward bias for the week.
GL traders
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So the downward bias for the week has to happen on feb 10, as we have been going up
ReplyDeleteWould be great if I had the advantage of hind sight for the first 4 days of the week (as you do).
ReplyDeleteI was just trying to make a logic combination. Not meant as criticism. Keep up the great work, really appreciate it!
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