Trade the Cycles

Thursday, July 31, 2008

SPX's (S & P 500) Wave B Of The Short Term Wave 2 Downcycle Peaked Today In Rollover Mode

SPX's (S & P 500) countertrend Wave B of the Short Term Wave 2 Downcycle since 7-23 probably peaked today 7-31 in rollover mode, see the 5 day intraday candlestick chart at http://finance.yahoo.com/q/ta?s=%5Espx&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=, and, see the daily candlestick chart at http://stockcharts.com/charts/gallery.html?%24spx. I'll look to ultra short SPX or RUT via SDS or TWM in an intraday countertrend Wave B upcycle.

.......http://www.JoeFRocks.com/

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