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Re: SilentOne post# 47890

Friday, 03/28/2014 7:16:13 AM

Friday, March 28, 2014 7:16:13 AM

Post# of 51751
Hi John

I see the 5 week low as having been the 17th. I think yesterday was probably the 1.25 week low (let's see if it follows through today).

As of now I don't see anything really bearish. The downside 5 week FMA target was undershot and now the FMA's are all flat up to the 20 week which, for me, implies a trading range. So I'm neutral here.

As to the larger cycles I have the 4.5 year in the April to June kind of area of 2013. Hence I have the 40 week at the early February low. Having said that I don't trade anything above the 5 week so I don't pay that much attention.

From a speculative - just for fun - perspective one thing which makes me doubt there is a bear market on the horizon is that I'm seeing huge numbers of pundits predicting it. Generally bear markets come when everybody is saying the bull will go on forever. The opposite seems to be the case here.

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