3 replies to this topic

[airedale88]

the nominal 10 wk cycle projection for SPX to the 1470 +/- area remains outstanding. this target coincides with the lower SPX trading envelope currently in the 1460 area. this should generate a cross of the nominal 20 wk cycle fld line, indicating a potential move to the low 1400's. achievement of that projection is time dependent, there is approx 5 to 6 wks till the july nest of cycle lows. that could provide time for the lower SPX envelope to also drop into the low 1400's. the major cyclic trend remains very bullish.





envelopes

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p23242174874&r=2456.png



the downtrend of cycles 4.5 yrs and shorter are fighting the strong uptrend of larger major cycles. i expect the nominal 9 yr cycle, the last bottom 3/03, to show a right translated top. prices have much higher to go.

[denleo]

Thanks Aire, I really appreciate your comments. Denleo

[esther231]

Ditto. Thanks.

[rkd80]

this nicely coincides with a lot of people's opinion that a corrective measure will set up a great buying opportunity. thanks ari.