Short Term Trading Member Forum

[arjunah]

DowDeva, if Aug was the 4.5Y low and Sigma L (trend underlying the 9Y cycle) is down, that is as bearish a Hurst interpretation as you could possibly have. You would have the first 20W cycle coming out of the 4.5Y low being severely left translated and with a lower low. It implies that the October 07 highs is the high for the 4.5Y cycle beginning Aug. 07. It would mean we are at one of the best long term shorting opportunities of a life-time. I'm not anywhere near that bearish at this time.