$SPX Hurst Analysis
#21
Posted 13 July 2009 - 11:36 PM
#22
Posted 14 July 2009 - 01:21 AM
#23
Posted 14 July 2009 - 09:24 AM
#24
Posted 14 July 2009 - 09:55 AM
#25
Posted 16 July 2009 - 07:08 PM
#26
Posted 16 July 2009 - 08:49 PM
hi Echo,
The 20 week low may have arrived Friday or this morning with /ES printing a double bottom at 865. Time-wise it looks to have arrived. If /ES 885 holds this week, then I would say the 20 week low is in. The first 20 week cycle should be a little shorter than nomimal as it is the first in a new 80 week cycle.
I guess we'll see.
cheers,
john
We still have one day to go this week, but your 885 looks safe. The moves up this week in both oil and equities sure looks like your cycle lows came in early. Does it seem that way to you or do you guys feel echo's SPX 805 low is still attainable?
#27
Posted 16 July 2009 - 09:33 PM
I know this is not an astrology board, but there is a very rare, complex, and terrible aspect from the planets coming into fruition right around November/December.
That would be the next 9 month low for the $SPX. I'm also looking for a big buy in precious metals into that timeframe.
There can be no doubt that the 20 week low has arrived for the $SPX. What gets real interesting is how we end 2009 from here. I predict trading the $SPX will be very difficult into the fall.
cheers,
john
Edited by SilentOne, 16 July 2009 - 09:38 PM.
#28
Posted 16 July 2009 - 10:35 PM
hi dowdeva/denmo,
I know this is not an astrology board, but there is a very rare, complex, and terrible aspect from the planets coming into fruition right around November/December.
That would be the next 9 month low for the $SPX. I'm also looking for a big buy in precious metals into that timeframe.
There can be no doubt that the 20 week low has arrived for the $SPX. What gets real interesting is how we end 2009 from here. I predict trading the $SPX will be very difficult into the fall.
cheers,
john
Do you feel oils will be equally as dificult? Are you buy and hold with oil or will you be trading/holding a core position?
#29
Posted 17 July 2009 - 10:51 AM
#30
Posted 17 July 2009 - 08:56 PM
Thanks for your thoughts echo!While it is possible that the 20wk low came in super early, it would have been roughly 2.5wks early and cycle contractions of that magnitude are not normal in the Hurst world. With the strength of the move this week, it is certainly possible, but I am very much open to the possibility that this 2.5wk cycle had a very amplified upside due to news/opex and that the 20wk low is still ahead targeting next friday or so. We will know in the coming few days as if we indeed have bottomed, there should be at most a shallow pullback and if the 20wk low is still ahead, we good get quite a dramatic pullback...
Echo