Replies to post #670 on Short Term Trading Member Forum

[tq]

techcharter,
it certainly is feasible. monday and tuesday are 23 and 24 trading days into the nominal 5wk cycle. these are certainly within the tolerances of recent 5wk cycle lows. fwiw, my updated envelope and lma analysis target a 5wk low of 1438+-6 early next week. this coupled with a 50% fib at 1434 and monthly pivot point of 1436 makes for some decent confluence:) or who knows, airedale and mr. cash may be right on the money in their assesment that the 5wk cycle low may have occurred last week. that, of course would nullify monday or tuesday being any kind of turn date cyclically...