8 Day Cycle Top Due Yesterday +/-

The 8 day cycle top was due yesterday and looks to be topping today. The 16 day cycle bottoms next Wednesday but last time came 2 days early. The 27 day cycle low is due Jan 2 +/- 3 days. The 4 day cycle is due Jan 5 +/- one day. We will hold short into Friday's PM NAV for both gold and stocks and then probably go long. The sell-off I was expecting today looks to be one day off. I believe gold mining shares will bottom Friday and the stock market Jan 5th early. Support on the SPX Monday is around 835 and GDX Friday expected low should be around 28.50/.60 The next stock market top is due as early as Jan 9 and as late as Jan 15. Target 1000/1007. Bottom line: expect an early January sell-off which bounces strongly into around Jan 9.

I'm keeping my mouth shut...

http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=2&dy=3&i=p53207058758&a=81733615&r=95.png

hi blu, The problem from a cycles point of view is that we had a left translated high off the late Nov. low. A 5 week cycle low is due soon off that low, but I expect it to be late once again. Until we see something bullish or a higher high in the 10 week cycle period, then it still looks bearish. Jury is out for any big rallies in Jan. There, I said something. cheers, john