Short Term Trading Member Forum

[Blackbelt1]

Lexus, clearly many are asking the same question. I do see a possibility that the normal amplitude of a 40- and 80-week selloff could appear in a 2.5-week, 5-week, 10-week, or even a 20-week cycle low in our immediate future.

We have precedence for such delayed selling. Last year the nominal 20-week cycle occurred in December 2004, but the selling we would normally associate with such a move only occurred in January 2005 with the 5-week cycle down.

I have additional reasons to think we could see at least another wave down to backtest the December lows--and to anticipate strong selling pressure at the next 10-week cycle down.

BlackB