Saturday 19 May 2012

Daily Cycle Update

Just a quick update on those daily index cycles. Many of the 'bearish' cycle outlooks have now hit their primary targets.


IWM, bearish outlook



Nasdaq Comp



Dow



Sp



Transports


Summary

I suppose it should please me to see my bearish targets hit, but I've largely missed out on all the gains from shorting, and I'm currently massively underwater on an IWM long position from the equivalent of sp'1334. A lousy week for me, I need to see a bounce!

That's probably it from me for tonight, more across the weekend.