Since my earlier post, the Dow did rally as I suspected and it did make an initial top on the 5th Sept followed by a LOW on the 7th. Seeing the top of the 5th was taken out yesterday I did mention my interest for the 14th. I also have one good signal for the 19th which i think could be a lower swing top below that of the 14th.
Pricewise the Dow looks at temporary potential support 11493 to 11518 is my initial target, above here 11555 to 11578.... If we get above here, I will reevaluate, but other targets in mind are 11600/11612.
Then we are looking at the May 10th 2006 top of 11670.
Today I also have a timing target in mind for the 1st hour of the cash market of around 15.00 hrs to 15.20 hrs. IF the market continues higher after this time and gets above 11578 , then I do think the market could blow off to the end of the 14th and could retest 11670
I do expect a top for the end of the 14th/ early 15th... If it does top then the big question is will the market decline.
I did think we could see a sell off to Oct 10th or 19th... The ONLY date I can see otherwise that MAY upset this is late Sept 26th/early 27th. IF the market does hold on lows here IT MAY maintain this rally.
I am running out of good potential topping cycles after this time and I will seriously wonder if the dows going to rally to new all time highs.
12,000 will be my target if we break 11670 AFTER 19th Oct....
This is just my thoughts based upon the cycles I can find at the moment.
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copy from my earlier post
I suspect that the Dow / Spx could start a fair rally today from 18.08 to 18.25 hrs
I think The markets will rally to at least Sept 1st on the SPX and the Dow to Sept 4th to 7th .
If the 7th fails I expect the 14th as the next time target.
IF the market tops by the 7th and turns, my analysis suggests it falling to Oct 10th or 19th
