The cycle on my roadmap hit this week and I assume a low will be made within a few days next week. It is possible the low is already in, but a gap down on Monday will not worry me if price recovers quickly. A continuation of last week’s price action would invalidate my call on this cycle turn.
Dynamic Chart
I posted a number charts over the last several days that I don’t want to duplicate. Last week’s update still applies. A recap of last weeks posts:
- Cycle Turns
- Market Internals at Rally Position
- How Long Did Panic of 1907 Last?
- Long Term SPX
- More On Deflation
- Prices Showing Serious Deflation
- DOW in the Long Term
- GOOG and AAPL Show Continued Weakness
- Gann Fans of the Bear Market Versus Today
- Long Term SPX and VLE
- SPX Hit 1×4 Gann Angle of 2002-2007 Range
- Gold In Weak Position
Tags: Market Outlook · Roadmap · Standard and Poor's 500 (S&P500)2 Comments
2 responses so far ↓
Andy,
When do you come up with next cycle turning point? You had March 17th and then October 10. What’s next. Thanks
regards, Ray
Ray - I have not looked at that yet. The 218 trading day cycle has been big so add multiples of 218 to 10/10. 218/4, 218/2, etc. I will work something up soon. 3-Dec-08, 22-Mar-09,
2-Sep-09, 8-Apr-10. Also, the 30,60,90 day cycles are always important from a significant cycle turn.