I said in a previous update that there was a good chance that we could see a possible move upward against the curren WP down red arrow.
Well, now I am letting you know to relax and that the trading cycle top should only be days away as our proprietary price/oscillator picture continues to tell us that it should be close at hand.
We know that the January 20th low marked a short term trading cycle low. We know that the February 11th low occurred only 16 trading days after the January 20th low. We know that this low occurred well before the timing band for the now pending trading cycle low, which runs between March 1st and March 16th. As a result, we know that the February 11th low should not have marked a trading cycle low and that ideally the trading cycle top should be seen this week and at the latest by mid next week. The advance out of the January 20th trading cycle low is very overbought and with price now having moved into the timing band for the trading cycle low, along with the current oscillator picture, conditions remain extremely ripe for the trading cycle top.
But, until a daily swing high is formed AND confirmed by a downturn of all of our Primary Short-Term Proprietary Indicators, the push into the trading cycle top will remain intact. Once a short-term sell signal is finally triggered, this tops should be in place and the next decline should be underway.
Of course, there are no promises, but this is likely to happen. Do not get too worried about the counter trend move up right now. Be patient. If you are worried, you are watching too closely. Let time and the system do its magic.
To newbies less than two years with InterAnalyst
BUY & HOLD TRADERS
If you are a buy and hold investor just learning this system and you are in cash . . . watching the market rise . . . RELAX. If you followed our signal on December 31, you should still be better off than buy and hold.
And should you be in an inverse fund right now, then you may be in a losing trade and you must let time pass. And if it does not go your way this time, remember that there are losing trades, it happens. Over the long run, you can do extremely well, just remember never to leverage inverse.
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