Friday, August 7, 2009

MC Update

Unemployment numbers was bullish for the markets.

The Bears are getting seriously whipped.

The Master Cycle (MC) was suggesting that after a short term 8/5 Low, the next day should Gap up, that day is today, as 8/6 was the Low (+1 TD).

The MC suggests we will close off our Highs today, but still positive.

Short term Highs are not quite in yet.

Longer term, the MC is foremost a Time Cycle, ie it predicts future Highs and Lows and does not always indicate PRICE Magnitude, so it really can not guarantee how much lower of higher we go, but IF the MC Price pattern were to believed, we should be generally higher into EOY

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