SP500 nominal 2.5 and 5 wk cycle low bottom is ideally tuesday, 24 weekdays from the last low. i thought it possible based on the breakouts of last (mid) week for a slightly longer 25 to 27 days but the failure to extend the move late last week knocked that out. 2.5 wk downside projections already met, no 5 wk downside projections have been given. SPX support should be in the 1422 to1430 area on a worst case basis .
this next rally will be the last 5 wk cycle rally leading into a more important nominal 20 wk nest of cycle lows due later in march. how the market performs in this upcoming 5 wk cycle will be important for determining the strength of the larger cyclic trend.
cycles
Started by
airedale88
, Feb 12 2007 02:52 PM
5 replies to this topic
#1
airedale88
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Posted 12 February 2007 - 02:52 PM
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
arbman
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Posted 12 February 2007 - 05:06 PM
Thanks for sharing as always, I have also a similar projection for a low tomorrow morning in terms of cycles. I think the breath still seems to be holding up, so the trading range should go on at a minimum...
#3
eminimee
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I don't care who's fur is flying...
Posted 12 February 2007 - 08:39 PM
Me three.
#4
Vector
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Posted 13 February 2007 - 09:21 AM
thanks 4 update, I'm planning to lighten up just a little on this next rally for the sole purpose of raising extra cash to buy even more at the next "throw the baby out with the bath water" low...
fretting to new highs in 07, 08, 09...
Edited by Vector, 13 February 2007 - 09:22 AM.
#5
airedale88
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Posted 14 February 2007 - 11:49 AM
the nominal 5 wk cycle bottomed monday at approx 23.5 days vs the ideal 24 days on tuesday. i can live with that. the nominal 40 wk price projection of 1490 +/- 24 pts SPX cash posted on 12/15/06 remains in force.
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
#6
Echo
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Posted 15 February 2007 - 12:22 AM
Very nice Aire. Tuesday would have been nicer, but after exiting Friday morning, I started scaling in Monday just in case they pulled a fast one and long back in force by Tuesday. Just like the 10wk low in Jan, she exploded out of the gates on Tuesday and again on Wed.
So all we got into the 5 wk low this deep into the 4.5yr cycle was a stinkin 2-3 day drop, mostly a one day affair and overall a touch over a 1% drop?
Very right translated as well.
That's got to be bullish for the underlying sum of the larger cycles....
2.5fld on spx projects to 1462 +/- 3 on we're already practically there. Would love to see 1490.
Echo
