Short Term Trading Member Forum

[SilentOne]

Hi Peter,

I think David Hickson provides some very good analysis here. My preference is his first option and that the late March low was a 10 week low (which has failed).

http://hurstcycles.com/looking-ahead-4-april-2014/#sthash.m9GP29R8.dpbs

A 5 week low is due late next week and then from there we see how we head into a 20 week low due late May. I misread the significance of the early Feb. low (it likely involved a cycle larger than the 20 week cycle) and thus why markets have held up so well. But the Nasdaq and Russell 2000 are giving you the tell that we will see cyclic failures ahead.

cheers,

john