Monday, February 27, 2012

Hurst ST Outlook – 25 February 2012

The exact placement of the 20-week cycle trough is not easy to determine because of the very subtle fluctuations in price over the last eight weeks, but I still favor the placement on 30 January 2012, because of the peak in 30 year US Bond prices on that date (see below). The above chart shows an alternate position for the trough, but it makes little difference to the analysis.