The so-called 27 day cycle low occurred last Tuesday and the 8 day cycle top from Wednesday of OPEX is due today. It looks like a 'Y' wave top (my MOM oscillators confirm this) of a bullish flag right here and we could easily go down and touch the channel support near 1485 SPX by Friday (wave z). I look for that low to be a launching support for a BIG move UP to the mid to upper 1580's SPX by October 18, the next 13 week cycle top.
After that, we go down big time to the next cycle low area (40 week. 9 month) due around Dec/Jan near 1200 SPX.
7 Week Cycle Low Due October 5
Started by
blustar
, Oct 01 2007 08:52 PM
4 replies to this topic
#1
blustar
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blustar
#2
89S10
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Posted 02 October 2007 - 12:46 AM
Based on your work, are you waiting to enter a long position?
#3
youmast
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Posted 02 October 2007 - 01:56 AM
1525 strike. Just kidding.
As expected... the target is NOT 1525 starting from this week.
As expected... the target is NOT 1525 starting from this week.
#4
relax
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Posted 02 October 2007 - 03:28 AM
what a wrestling match it would be between blustar and youmast....haha
#5
youmast
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Posted 02 October 2007 - 07:15 AM
Yeah, and the winner has already been decided... 
