It’s a good thing people don’t really die of boredom or this market could lead to a mass extinction of stock traders and active investors. The Fed’s pumping of an endless flood of liquidity into dealer accounts coupled with high their frequency trading has robbed the market of its volatility. Low volatility goes hand in hand with excess liquidity, so this trend may be with us for a while. That doesn’t mean we won’t have a big day here and there, but I honestly am beginning to wonder if there will be advance technical warning. The 13 week cycle will reach its idealized low point in time over the next couple of days. The end of a cycle is when we sometimes see a day or two of aggressive selling. But this could also end in quiet fashion and the up phase may look like the down phase, just with a bit more upside. The 6 month and 10-12 month cycles continue to project toward higher targets. This report shows them on the charts.
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Get daily updates on the 4 week, 6-7 week, 13 week, and 6 month cycle projections in the Wall Street Examiner Professional Edition Daily Market Update. In addition you get multiple time frame cyclical, regression channel, and equal width channel support and resistance chart updates, in essence, a roadmap to guide your trading, daily in the Wall Street Examiner Professional Edition Daily Market Update.
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