The New Moon Thursday and the previous pattern of 6 TD's after the 16 TD top, suggest a top Wed this week near the previous top of 1646.50, maybe slightly lower or higher. I believe we test the 200 day MA average by Friday. I have a target of 1536/37 by Sept 16 and then a huge rally and new highs by late Oct/early Nov.
Next Cycle Low Due Sept 16, the 7 Wk
Started by
blustar
, Sep 03 2013 08:19 AM
2 replies to this topic
#1
blustar
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blustar
#2
blustar
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blustar
Posted 03 September 2013 - 10:01 AM
Alternate is 1580 by Sept 13 then an abc bounce into late Sept and down to 1532 ish by early Oct. The 7 week cycle low pattern usually runs 34-35 TD's.
#3
blustar
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blustar
Posted 03 September 2013 - 06:32 PM
Looking back, the 7 week cycle low can run 29-42 TD's. The chances are we see a big washout into next week, perhaps earliest the next and then a huge rally, the last rally. The 8 Td cycle last ran 6 and is due to run 9 -10 suggesting either Wed or Thursday next week for the bottom and that being 1536/37 SPX, we'll see. Get ready to short and then go long!!!
