On 2/3 I updated in the comments section of this blog:
"The 1/30 Low was a brief swing Low, we are now in another rally phase."
We are nearing the final Master Cycle 2 High, but as the market has been relentless to the upside and all trends remain up, it is best to wait for a downside confirmation, given by the Master Cycle 2 before getting aggressively short.
The VIX is currently at 18.70, right at its Key DTL. The VIX is in a bullish descending triangle, when it breaks to the upside, it will be bearish for stocks. Key Daily DTL resistance at 18.63 is Make or Break (MOB) trend line Resistance. This should be watched closely.
The time is coming for a wild futures ride. Be prepared.
Please note: The 2012 Master Cycle stock market forecast is due this 2/10-12 weekend.
Please remember, in order to qualify for the 2012 Master Cycle forecast, it takes a 3 Month or longer subscription commitment. For more information:
http://www.timeandcycles.com/
10 comments:
May i know wat is this 2012 Master Cycle Stock Market Forecast ? ...Thanks...
Funky
Sure Funky,
The 2012 MC forecast gives a general Map of the major stock market SPX Highs and Lows for 2012
Looks like the market has finally started dropping. I guess we'll have to wait until next week to be sure.
rally never ended...
Hi Steve,
yes we have been in a narrow 19 SP sideways to up channel the last 13 CD.
At least the QQQ did peak on the Solar CIT plus 1 TD. I think the top should hold. It kind of reminds of the October 2007 top when the QQQ kept rising on weakening breadth. Now it's the SPY that is doing the same thing. Very interesting. The mood is the same. Everyone trying to pick the top with little success. When the top finally arrived, the bears were filled with doubt.
any updates raj?
I would think we make a new moon top here, and decline into the 9 days of mother divine. Of course, at major turning points there would be great difference of opinion.
John
the rally that was suppose to end a month ago per this post never did.
possible to share what the market has in store for us next?
or when the next significant turn is?
thanks
Steve, We have not seen any confirmation of a change in trend to down yet, as all trends remains up.
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