Monday, August 1, 2011

Testing the 200s

2 comments:

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.