S & P 500 Cycles

[Insightm]

S&P 500 might return to1330-2 by 3-8/03/2007 as it is failing to post new highs since December and if it is unable to take out the 1431 by end of play today 5/1/2007, it will seek the alternative route as it did in the beginning of 1977, 30 years ago and probably panic people hence the sudden drop.

 

[de123]

looks bearish to me, but i wont be trending bearish, ill scalp evry little retrace...do u watch dolar, gold oil,....evrything seems bearish, and testing some pshicologic prices, like 55, 600, 1.3...

 

[Atilla]

S&P 500 might return to1330-2 by 3-8/03/2007 as it is failing to post new highs since December and if it is unable to take out the 1431 by end of play today 5/1/2007, it will seek the alternative route as it did in the beginning of 1977, 30 years ago and probably panic people hence the sudden drop.

I don't know about 1330 - too far to call.

If 1405 - 1400 don't hold and we breach 1398 I think it will definately touch 1385 - 1380.

Bearish at the mo. I think it will test 1412 and fall back down.

 

[Insightm]

The floor on the S&P 500 to give way soon as harmonic targets for the next few days are pointing down.

 

[Atilla]

The floor on the S&P 500 to give way soon as harmonic targets for the next few days are pointing down.

I agree. I thought the 1412 level would be tested but it touched 1417. Hence, I think there is still some struggles between the bulls and the bears at the 1400-1410 levels.

I would wait for confirmation of a breach below the 1400 before going in with big bets.

 

[ajaskey]

SPX appears to be following two cycles at this time. The blue cycle is the time of the move from May-June. The peach cycle assumes the "bottom" was actually in July.

The blue cycle move has gone one box above the breakout range. A strong market will move 2 to 2.5 times in the direction of the trend. Jan 23 is a key date to watch as the box completes. The level of price at that time will be a indicator of the subsequent move(s).

 

[Insightm]

A close below 1429-1433 today 16/1/07 will only attract sellers, and the surge up for the past few days will only have been fake out.

 

[Buy The Dips]

30 years ago

1907 panic 100 years ago

2007 also a possible Delta panic year

 

[Buy The Dips]

I follow the 3 week, 5-6 week and 18-20 week cycles.

FWIW

3 week = trend up into March 7-12
5-6 week = down into March 28
18-20 week = down into March 28

 

[Buy The Dips]

In Hursts book he outlines the dominant 52 month cycle that has repeated regularly this century

Here's where we are now....

 

[maolivie]

http://www.accuinvestor.com/forextips5.html

if we see crude prices going back up, we will soon see SP 500 going down