3 replies to this topic

[SilentOne]

$SPX Hurst Cycles

Been away much of July and my health continues to be poor. So postings are being kept to a minimum.

The last look was the week of July 4th. It was indeed a top and not very obvious. While the $SPX and US markets did a great job of fooling market players, other indices (eg. $TSX) were a better tell.

http://investorshub....age_id=64872950



A 20 week low is at hand as mentioned in the last $SPX post. A cycle low should take hold by Fed day and a sharp rally for 2-3 weeks should take markets into a top around Labour Day.



From there we will see the next leg down for this bear market. I say bear market because the target generated for this fall is a retest of the summer 2010 lows ~ 1050. That is the minimum target generated by the 80 week FLD.



GLGT.

cheers,

john


www.sentienttrader.com

Edited by SilentOne, 07 August 2011 - 08:31 AM.

[TechMan]

Thanks, John, as always. Sorry to hear about your health. Not sure if it's O.K. to ask, but is it serious? My best wishes.

[thespookyone]

Makes perfect sense, and like your targets. Hope your health improves! Thanks for your great contributions to this board.

[Rogerdodger]

It is so good to hera from you John.
I know lots of us around love your work and appreciate you for sharing what you see.

A 20 week low is at hand as mentioned in the last $SPX post. A cycle low should take hold by Fed day and a sharp rally for 2-3 weeks should take markets into a top around Labour Day.

I like it when I see something based on something entirely different possibly mesh with your Hurst analysis.
Is 1250 possible sooner rather than later?

Good health to you.

Edited by Rogerdodger, 07 August 2011 - 12:01 PM.