cycles
#1
Posted 02 May 2007 - 02:57 AM
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
Posted 02 May 2007 - 04:14 AM
#3
Posted 02 May 2007 - 05:40 AM
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
#4
Posted 02 May 2007 - 05:41 AM
#5
Posted 02 May 2007 - 07:54 AM
the rally off the 2.5 wk low finally developed tuesday afternoon. this 2.5 wk cycle ran 13 days, slightly longer than recent samples but within the longstanding range. avg length of the last 3 samples previously came to approx 11.22 days, it now stands at 11.66 days, and i should probably assign a +/- 1.5 days to that for the next future estimate.
INDU showed the best strength, undershooting it's 6/7 day cycle downside projection.
SPX was next in strength, meeting it's 6/7 day cycle projection and undershooting it's 2.5 wk projection.
NYSE met it's 6/7 day, undershot it's 2.5 wk.
V Line met it's 6/7 day, undershot it's 2.5 wk.
RUT met it's 6/7 day and slightly overshot it's 2.5 wk projection, resulting in a nominal 5 wk downside projection that has until mid may to be reached.
with 4 out of these 5 indexes continuing to show good cyclic strength, and INDU and SPX being the strongest, the expectation is for more new highs at least in INDU and SPX. the SPX projection to 1516 +/- 15 pts remains. the weaker cyclical performance in descending order of NYSE, V Line, and RUT suggest the advance is tiring as broader indexes are starting to fail to keep pace with INDU/SPX big cap advances.
Agreed on new highs, but not new all time highs on this current swing/move.
The future is 90% present and 10% vision.