3 replies to this topic

[airedale88]

envelope charts for INDU, SPX, XLF

NYSE breadth indicator continues it's downtrend and remains on a sell. it calls for INDU to test it's lower 4% envelope, SPX should test between a 3 to 4% envelope ( 2% and 4% shown). XLF should test it's lower 6%.

this should occur by the expected late july nest of cycle lows.(approx 4.5 wks from now)

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=6&dy=0&i=p23242174874&r=6581.png

breadth indicator

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=6&dy=0&i=p50966274753&r=8035.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=0&i=p73959457232&r=8643.png

http://stockcharts.c...246&r=2092.png.

[Woody]

Airedale, nice work as always........the cycle and envelope projections are very credible and so far are in synch with a lower price low and likley a higher low for breadth that would make for a low risk entry. CW

[BearItch]

Aire -- Do you use a similar system for projecting the NDX? What does the NDX look like to you for the 4.5 year cycle low?

[bobalou]

you know I like your work. thx now the market (vhf/macd) can head down to go along w/ your good work. hope it's a help it's all to do w/ the vhf, macd ,w/ hyper space ,and time think of, trying to stop a big train,it takes time