Short Term Trading Member Forum

[rmzport]

Where are we in the markets? From a Hurst perspective it could be that we are ready to move higher once again in the short-term for several weeks. I base this on the following. Many Hurst observers we're considering 2/11/16 a significant low of at least four and a half year magnitude. The first 20 week low, from 2/11/16 through 6/27/16 had a duration of 136 calendar days (cd). The second 20 week cycle (40 week) ranging from 6/28/16 through 11/4/16 contained 130 cd. 3rd 20week low may well have been this past Wednesday. Beginning 11/5/16 through 3/22/17 = 137 cd.
Friday's close at the low's, the cycles listed above and the pivot points called for buy jglider have me thinking we could see a nice rally starting on Monday. Lower lows now, other than perhaps a brief spike down Monday morning, would not fit well with anything I'm watching. Any opinions?