Thursday, December 16, 2010

The 12/16-17 Time and Cycle Cluster

Timing wise I had 12/16-17 as the CIT (Change in Trend) to watch.

Cycle wise, The dominant cycles were looking for a 12/13-14 High and a brief pullback into 12/16-17 Lows, before heading to Higher Highs.

Price wise, The cycles were expecting a sharper decline, but in these Cycles, Price Magnitude is not assured.

It is possible that we have already seen a Low in the 1st hour today, but ideally the Low was expected tomorrow, before we see the reversal higher.

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