Chart of the Week

WTIC should be Chart of the week with the Russell being an exception. At the Beginning of the week Brent crude was looking like it was correcting the spread with West Texas Crude. AS of now it looks like WTIC will decline to test support at the Blue diagonal line or Past Cloud Support.What's more noteworthy is the decline has been with Bullishness in Gold. DMI is Bearish and the KST is looking to the ZLR. There is also confirmation of the Lagging Line of the cloud support. You would think with the Middle East problems this would be rising.

After scanning and updating the Chart Tables on the website, The Picture across the Indicies (Markets) is they are in the beginning of a small wave iv intraday pullback leading up to an Daily Wave iii. The Daily wave three will probably be Deep because of the persistence of the extensions in the Market and the number of intraday sub waves.

The weekly Time Frame of a top matching the wave III cycle has gone by,so a count on the Square of nine of the "Outlier" wave is in order. Using the wave"B" as the start of the secondary cycle has wave (I) on September 14,2012 and wave (II) on November 26,2012. The 180 Degree opposite comes in at August 29th,2014 @ 116 weeks. If you have Read Ed Carlson's Book on George Lindsey you can grasp the importance of the numbers from 111 to 116.This is also True of the Square of nine. In my research I have found where the Time Frames of 111 to 116 whether on the Hourly,Daily or Weekly are usually at a top of a wave three.

P.S. I've updated my website.
Edit on 7-13....This is the 110th week of the Outlier cycle. (7-11 to 7-18)