Stocks This Week: Short Citrix Systems And Stanley Black And Decker

The market indices likely need one more decline in order to complete the last wave of the current correction. The broadly-based Value Line Index has already broken its October 29 low and the S&P 500 and the NASDAQ 100 are likely to follow. Citrix Systems shows a cycle peak on the 11th. Six of nine short signals have been profitable in the last year. The period from the 9th through the 15th has been the most bearish part of the month of December. The shares may fall back to the prior $101-$102 low. The Stanley Black and Decker weekly cycle has topped and is likely to draw the share price down in the coming week. Eight of the last twelve sell signals have been successful. The stock is likely to fall to a level near the prior $115 low. Bought my first stock in 1966 and then obtained my BS in banking in 1971 and MBA in corporate finance in 1972 from NYU. A study cycles began in the same year. A 9-year psychotherapeutic training apprenticeship followed. Many of my concepts concerning crowd psychology derive from this period. From 1972 to 1990, I worked on both the buy and the sell sides of Wall Street. From 1990 to 2004, I was a technology fund manager, strategist, and a member of the currency hedging committee with the Abu Dhabi Investment Authority. Since 2004, I have operated a service from Vienna, Austria. I am a member of the Kenos Circle, a Vienna-based group of futurists. I combine fundamentals with cycles through unique software as an aid in market forecasting. The influence of cycle theorists such as Ed Dewey, Charles Jayne, George Lindsay, and R.N. Elliott have been most valuable.