FOLLOW THE GENERALS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : FOLLOW THE GENERALS

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Jim Battaglia	5/28/2006 9:19:30 PM
	Read Replies (1) of 104

Ken Wood: The May 10th peak in the stock market was expected and pretty much occurred right on time in accordance with the clustering of the various cycles that were due at that time. On May 11th the Cycle Turn Indicator produced a short-term sell signal warning of the recent decline. More recently, I have been telling subscribers that short-term cycles were coming due and that we should be expecting a bounce. That bounce is now underway and we are monitoring conditions in order to see if this bounce can evolve into a more substantial move or if it is destined to be a failure followed by more weakness. Our first line of defense and short-term guide on this is the short-term Cycle Turn Indicators. I have plotted the short-term Slow Cycle Turn Indicator along with the Industrials below and it has thus far not confirmed the current bounce. If this bounce should conclude prior to this indicator turning positive, then more weakness will lie dead ahead. On the flip side, if this bounce can turn the intermediate-term version of the Cycle Turn Indicator back up, then a run at the old highs will be underway."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next