Sunday, April 13, 2008
Food For Thought
(Click To Enlarge)
The 55 day cycle seems to be on track. It is too early to tell if the current 55 day cycle marks a cycle high and a return to the bear market, but I suspect that we are in a period like June 1, 2007 where the cycle marked the mid-point of the uptrend. If so, we might be looking at another Fibonacci 34 days to complete this current rally. This would mark the rally termination at May 30, 2008.
The VLE is now on Neutral. The Tides and the VLE could go to Short on another down day on Monday. The Weekly Signals are still long as is the Modified Donchian system.
Posted by R. Craig Pritchard at 7:59 PM