If I had seen the pattern of CSCO, SYMC, and DELL in the stocks driving this market higher, I would have immediately agreed the 80-week low is in.
I would also agree that the long pause zone/mild decline in December *could* be the 80-week low in the major indices. However, I also see reasons to suspect that it is not.
What really has my attention is an index such as $TSE that has been following the Hurst cycles to perfection but showed virtually no evidence of even a 5-week low at the New Year. Just now it is hinting that it *may* roll over.
Am I guessing? Of course. But it's high-probability guessing.
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