Thanks Larry.
How do you define an UP/Down Cycle?
CP1
The projection model give two projections for each time frame. This may sound complicated but its really very simple if you just give it a little thought. If a market is above the down cycle high then it has to be in an up cycle. If a market is below the up cycle low then it has to be in a down cycle.
The one event that mucks up the projuctions is wehn a market closes at the time cycle, for instance Friday the NDX closed within one point of the low for the day so Mondays up cycle low is the same as the close.
I will use the NDX weekly as the example. Friday closed at 1789 and the weekly cycles are up bias until the 29/30th so if the week does not trade below up cycle projected low at 1741 it should achieve the up cycle projected high at 1912. It really is very simple once you understand just two basic rules.
LT