Short Term Trading Member Forum

[Blackbelt1]

Aire wrote: "the only concusion one can make using Hurst's principles are the market will move higher."

If you examine *all* evidence, a Hurst analysis could easily conclude the following:

* The trend is still up.
* Probabilities suggest the market may move higher.
* Some evidence suggests the market is rolling over ($NYA50, $NYA200, $NYA having trouble climbing out of a 5-week low when all cycles except 4-year and 10-week are pointing up)

Until the $NYA can break out, we simply will not know whether the market will move higher, and if it doesn't get in gear soon, we will know it is rolling lower into the 10-week low.

BB