today is 48 weekdays from the last 10 wk cycle low of 11/03/06 so we are in the window for a nominal 10 wk cycle low. there is a SPX 10 wk cycle projection that was just generated monday to 1389 +/- apprx 4.40 pts.
this 10 wk cycle showed high translation to the right, implying the larger major cyclic trend remains up. the short term cyclic trend larger than the 10 wk cycle is up (defined by Hurst as combining the trend of the next two larger cycles than the one being examined), 20 wk cycle up/topping and 40 wk cycle up, may cause an undershoot of the 10 wk projection.
cycles
Started by
airedale88
, Jan 10 2007 09:57 AM
1 reply to this topic
#1
airedale88
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Posted 10 January 2007 - 09:57 AM
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#2
airedale88
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- Traders-Talk User
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Posted 10 January 2007 - 10:18 AM
i should also mention that INDU has not generated 10 wk cycle downside projections and NASD/NDX had cycle pause zones rather than 10 wk downside projections. this increases the chance the SPX target will not be fully met.
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
