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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: zman699/27/2013 4:30:46 PM
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I had a short-term cycle low due this week, and as the market drifted lower day after day I just expect that low would arrive at the end of this week. The more bearish possibility is that Monday was the low and the "bounce" from this cycle low merely resulted in a slowing of the rate of decline. If that interpretation is correct then next week would see a rapid acceleration to the downside and with all cycles pointing hard down into mid October this would be the perfect set-up for an October market crash into mid-month.
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