Friday, August 20, 2010

The dominant Cycle had the 8/17 double CIT as High of the week

The dominant Cycle had the 8/17 double CIT as High of the week.  I should have stuck with the original call for an 8/17 High of the week, which proved correct after all. 

OE week often messes and confuses the short term cycles, but we should still see a short term rally into the next geometric and Solar CIT.

We have 5 down from 8/9H to 8/16L, which is why I thought the 8/17 double CIT was a 8/16 Low. I was expecting a stronger wave 2 bounce, but we did retrace 50% into 8/17 Highs.

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