I stated that "4yr low in Jun-Jul 2006 bottom" with the Oct 02 low as "8"yr cycle low during JUn-Jul 2006 bottom call market analyses.
Now, I am revisiting the call.
Could you tell me what your opinions are on the 4yr cycle low in Jun-Jul 2006?
Thanks in advance for your comments.
http://www.traders-t...l=trend-Signals
I need to upload the chart analysis with cycles and TL notations which posted. Those are not uploaded as you see the charts do not show on the above link...
PS. I don't follow any specific model such as Armstrong or Alexander, also, I do not micro-manage small cycles for my market timing; however, I stated that I will start to comment on cycle in a couple of months since I am moving and traveling during Apr-May.
Do appreciate other well known cycle comments and books, of course, since those are certainly helping our studies of markets.
For VST - ST, DOW-SPX-NASDAQ are trading at resistances as noted below.
The important question is whether 2/27/07 was the major LT Top.
While I am seeing double top formations with falling hammers at the moment, I do not think that 2/27/07 is the top for major LT/ST top.
Date:4/9/2007 9:50:01 PM
Post #of 170
Market consolidated in a narrow range after fading the morning gap, as noted on Friday comment, and traded in light volume. It retrieved from the resistances as shown on 60m charts. Intraday price actions are still showing negative divergences which need to be worked out.
SPX traded to SPX 1448 and Qs to 44.75 as the intraday highs closing the Qs gap; however, Nasdaq intraday high, 1478.68 is minor congest resistance, filling half of the Feb gap.
Qs 44.75 and Nasdaq 1478.68 intra highs are weekly TL resistances.
Price formations, falling hammers, on DOW and SPX, signaling a caution for vst pull back; also, selling into close is signaling a caution.
Market action wasn't as strong as I anticipated as we saw that market was trading in low volume.
We have Alcoa earning report tomorrow, so the AA earning report could be a catalyst for market to generate more volume actions.
http://www.stockchar...09398&r=598.png
http://www.stockchar...77535&r=859.png
http://www.stockchar...40300&r=617.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=15&i=p73797548221&a=79285156&r=517.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p22648394504&a=76929034&r=579.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=4&mn=8&dy=0&i=p49229126946&a=78987374&r=825.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p31631774778&a=76966992&r=329.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=W&yr=4&mn=0&dy=0&i=p63151936612&a=76929550&r=145.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=8&dy=0&i=p21609042622&a=76909044&r=764.png
Edited by Trend-Signals, 10 April 2007 - 10:52 AM.