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It 'could' appear on the intermediate term cycle (circles) that our rotation
has flipped or inverted. This can and does occur at specific points in the
rotation on any time frame. But once a rotation is established, the rotation
maintains itself.
If this is the case, since we are at the second point on a smaller time
(intermediate) past the most recent and next larger time frame ((medium
term)..square shape around beginning of May)) point, we could head down to
the next intermediate and medium term points listed at the end of May
beginning of June.
We are in a 'fuzzy' area on the intermediate term cycle. When this occurs, we
look to the next larger cycle (medium term) for directional clues.
In its simplest form, we have made, or are still making the medium term and
long term cycle highs. But we do have a definitive medium term cycle low
point 'centered' the beginning of June.
Which way are we going? The stochastic on the nasdaq is still pointing up,
yet the stochastic on the SP is at 75%k.
I do not have a definitive analytical opinion at this time. But we are at the
second point on the intermediate term cycle point past the most recent medium
term cycle point and we have a medium term cycle low 'scheduled' just 2 weeks
hence, so odds are better that we could have a drop here than continue up.
But I'll wait for a stronger confirmation of direction before entering a
position.
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