I'm wondering your thoughts on a test of this recent low then... with a Hurst perspective.
http://stockcharts.com/c-sc/sc?s=$SPX&p=M&yr=10&mn=11&dy=29&i=p10218014444&a=87012087&r=200.png
Edited by Teaparty, 08 August 2007 - 06:22 PM.
Posted 08 August 2007 - 06:22 PM
Edited by Teaparty, 08 August 2007 - 06:22 PM.
Posted 08 August 2007 - 09:17 PM
Posted 08 August 2007 - 09:40 PM
Posted 08 August 2007 - 09:47 PM
Posted 08 August 2007 - 11:34 PM
I'm just fiddleing....but I have a count that says we are going to new highs into early fall in a wave 5 of lesser degree...and a wave 4 drop of a higher degree in Oct/nov. This is really basic using the Oct. 98 drop as the bottom of a 4.5 year cycle....Measuring from there 4 years and six months takes us to the March/April 03 area and from there...into Oct/Nov this year....
I'm wondering your thoughts on a test of this recent low then... with a Hurst perspective.
Edited by airedale88, 08 August 2007 - 11:36 PM.
Posted 09 August 2007 - 12:12 AM
Posted 09 August 2007 - 01:53 AM
Tea, all these lows should be tested in the next 5-6 months imho, I wouldn't think a 4.5 yr long cycle bottoms over one weekend. The 10 wk low is due at the last week of Oct, inline with the fundamental chart above...
However, not only it can be a higher low, but also the current IT trend is up because there is no cluster of FLD triggers lined up at the lower prices at the moment and the decline ran out of time to reach to the lower ones. Currently, The only ones are the ones getting triggered at the moment as the prices rally higher and higher, imho.
If the price rallies to 1524 in the next few days, it will also trigger the 10 wk FLD for another 100 points higher until the next 10 wk low comes, it would be mega bullish until the early September ahead of a secondary crash around the last week of October...
- kisa
Posted 09 August 2007 - 02:04 AM
Posted 09 August 2007 - 04:47 AM
Posted 09 August 2007 - 09:17 AM
Edited by airedale88, 09 August 2007 - 09:20 AM.