Replies to post #45591 on Short Term Trading Member Forum

[denmo83]

Wussup doc!

I was the blind squirrel who got into RRD about 6 weeks ago, so I have a little breathing room. Hit a little resistance today, but I still see more upside coming (I think). LOL.

Thanks for sharing your work.

[SilentOne]

hi guys,

Well if the 10 week low is in, this is a relative weak response for a rally out of such a low this week. It's time to start paying very close attention to a top being formed for the current 80 week cycle ( $SPX). I still expect June 11th to be a major turning point for a number of reasons.

I think I'll leave it to day trades and short term stuff and not get carried away. There will be an excellent short opportunity in September I predict, but lots of chop up and down until distribtuion is exhausted.

GLGT.

cheers,

john

[SilentOne]

hi slinky,

I'm going with some longs midday and will accumulate through this week. We should see a post Memorial Day rally into June.

I'm still unsure where to place the 40 week cycle low, as Sentient Trader is still eyeing the April low.

GLGT.

cheers,

john

http://www.sentienttrader.com/