Friday, December 9, 2011

Upside Thrust to Dec 19-21 or Dec 28-Jan 4th.

The Dow Transports will likely advance to the next harmonic (cycle) if it can successfully break away from the current congestion which is delineated by the time and price harmonics. (Note: The recent decline found support at the reflection trendline of the June-October decline)  A relatively quick advance to the 5300 level could possibly set up an exceptionally good point to short the markets on either Dec 19-21 or Dec 28-Jan 4th.

2 comments:

scotty said...

Pete,
I think the combined use of your stuff with my stuff could make some really GREAT STUFF !

Fibocycle said...

I agree: ! nice combination of techniques.