Replies to post #24634 on Cycle Trading

[Duma]

I think bottom forming will start soon or may have started as of this writing.

A couple of weeks ago a lot of commentators would have agreed with this statement, not so much now.

Airlines are being forced into a recession for lack of pilots.
Food inflation with increase for lack of wheat, corn, chickens, etc
Gasoline inflation will not continue as lower prices roll off calculation, but prices will.

All really doesn't matter because I am not a sentiment trader. I will let my charts tell me when the timing is right.

[dotnet]

Earnings and employment are lagging indicators. First it starts with bad earnings and then the layoffs come.