17 Nov 2014 - 2040 Still Holding.. For Now.

Time cycle analysts are looking to these couple weeks starting today as a potential time window for a CIT.  Therefore, one must be cautious on their long position and to watch for a signal, if one is not already.  I am seeing more divergence now than before when people were calling for tops all the way up to current levels.  This does not mean we are or have found a top, but it is a warning that a potential pullback is possible.

The H&S is still intact and prices seems to hover at the 2040 level only to suggest that time alleviates overbought conditions and can push higher negating the H&S. 

There are no changes on the indicator which keeps the Bullish notion alive.  With all these zigzagging going on it is hard to label any EW counts, and at this point in time it is not that important.  Recognizing a corrective pattern VS. an impulsive one is much more important.  For those who have basic knowledge of EW, I would encourage them to put more analysis / emphasis on these two characteristic moves.

MT: UP
ST: UP
PA: UP