Short Term Trading Member Forum

[Blackbelt1]

Cash, regarding market weakness, see $BPNDX on stockcharts.com. Not dramatic weakness--but a weakening nevertheless--and I see the pattern developing there as part of the overall formation that will become part of the the 10-week and 80-week cycles down.

I don't dispute your observations in any way. The market often makes one last climb even as underlying weakness is preparing the fall.

Looking at the market since the 20-week low, I so far see little evidence of strength--especially not sustainable strength. In fact, just looking at the overall pattern of the $INDU and $SPX, I would be forced to conclude the opposite. Now we can blame the hurricanes for the pattern, but as we have so often observed, the fundamentals and the interpretations of them often fit right in with the cycles.

I focus on intermediate-term investing (20 and 40-week cycles), and so that shapes my perspective somewhat. I find it hard to get excited by the $NDX hitting 1635--although that would make a great entry point for a short.

I do see the setup for a rally. We will see if the market follows through.

BBelt