Monday, August 1, 2011

Testing the 200s


Alex said...

Logical spot for equities to bounce from. If we start taking out the June lows, watch out for QE3

Fibocycle said...

My cycle work suggests some kind of a pivot in the Aug 3-4 time frame but it is not nearly as strong as the cycle/astro signature between the 16th and 20th.
The 200 dma (exponental) is a great intermediate cycle filter..
Time flies: the markets have advanced 28 months since the March 09 bottom...that represents close to 61.8% of the 4 year cycle. This is something worth considering for market timers.