80 day cycle not complete on Nasdaq
At only 45 days along suggests...
There is fundamental interaction today. Perhaps it continues alot more.
Prices are really zooming.
It doesnt need to move down if things have changed fundamentally.
Cycles WONT WORK.
HURST HIMSELF SAID ONLY 30% of price movement is cyclical.
One has to understand a new trade plan for this movement.
Ill be trading the same trade plan tomorrow, and wont worrying about any of this.
Today's plan worked great.
Its the same plan as Tuesday and Monday and tomorrow's and Friday's
EDIT FRIDAY morning: THE MARKET IS STILL NOT DONE WITH 80 day CYCLE
EDIT: a week later… FRIDAY the 9th.. STILL MOVING DOWN as stated 10 days ago, “the 80 day cycle is not complete”.
The chart above can go either way but I think its down into next week due to some fairly obscure reasons.
The DIA 0.00 needs to drop to $330 to complete its 40 day cycle target but may extend on weakness. The time period is coming to an end for the 80 day cycle on stocks. We have seen the sellers win, and if buyers bring price above last week's high on a stock, it will probably be the first to rally into the 20 week cycle peak.
Again, the situation is bearish until fundamental changes occur in the market, namely, rates.