Jun 25

11:45 a.m Sweet rally from the cycle low of Jun 22. Cycles work! (well atleast 70% of the time and it sure is good enough with good discipline).

12:00 Noon We will update the nat gas chart post later today. We left it unfinished yesterday night. The gist is that there maybe one last downleg remaining (our preferred count) to at least the 2.5 level.

5:45 P.M Ok, we got our rally. That was the easy part. The next few days until our cycle turn on July 9th is the tricky part. 927 will be a stiff target and the market is overbought on the shorter timeframe. Our inclination is still on the bullish side, but we don't know about price limits. The problem is we are unable to identify a leading sector. Very few chart patterns have a basing formation. If we follow the cycles, we will wallow our time until July 9th and then short the market.