Before the market can run it needs to escape the 50-day M/A, which lies just overhead.
My count is that the DJI and SPX are in iv of (iii) up.
Tuesday, March 22, 2011
3/22 9:45
Only 4 days left until the start of the cycle. The initial decline from 3/25 through 4/6 will occur while the headwinds of monetary ease are blowing so the decline will probably not be large. If my count is right then there is a nominal new high ahead and the initial decline will be a first wave. However, if the stock market does not make new highs by the close Friday then the decline will be a third wave.
Before the market can run it needs to escape the 50-day M/A, which lies just overhead.
My count is that the DJI and SPX are in iv of (iii) up.
Before the market can run it needs to escape the 50-day M/A, which lies just overhead.
My count is that the DJI and SPX are in iv of (iii) up.
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Steve,
ReplyDeleteIf I understand correctly, if you had longer term long-stock positions, you would be exiting them on Friday?
Thanks,
Dan
Dan. Absolutely.
ReplyDelete