Below is a dynamic chart (updated weekly) of the waves and cycles in the SP500 (SPX) that I’ve been watching for a number of years. October 10th ends the second octet of waves from the 2002 low.
Tags: Elliott Wave Analysis · Market Cycles · Roadmap · Standard and Poor's 500 (S&P500)3 Comments
3 responses so far ↓
Hello Sir,
I have been following ur blog for a long time and must put a big “thank u ” for explaining everything with such simplicity.
Thanks for updating the cycle chart too…
Well just wanted to inform u that the 218 days from 15 march 2008 will end at october 19 2008.
could not understand the logic of 10 oct..please explain
Saurabh - You are probably correct (but I have not checked). The big cycle ends of the 10th and the 218 cycle ends the following week. I make these guess months in advance and often forget the reasoning by the time the date shows up.
No one can always hit these things to a specific day. If you try you will lose money every time. Getting within a week or two is all you need to profit from the cycles.
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For example, I had July 23, 2007 as a major cycle turn and it hit on July 16th. Was I correct? I say yes. Others say no. As I understand it from emails I received, I saved a number of people money by alerting them to a possible turn.
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Another example is the March 17th low. I guessed March 15th which is a Saturday. That allowed for Friday-Monday. The 15th was my birthday so I picked that date. Was I correct? I think so. Others may not.
Thanks a lot sir for ur reply… I got the answer