Sunday, December 23, 2007 4:18:43 PM
Market Cycle update and comments: WIP (still in work in progress)
http://www.trend-signals.com/Comments/analysis/SPXLTCycle.htm
CYCLES update: SPX is in late stage of 8yr cycle after Jun-Jul 2006 4yr cycle low. Markets are in late stage of bull market near pivotal point. SPX consolidated since 10/11/07 high, forming a diamond top formation. While we do not have a confirmation of a top as SPX 1485 is a resistance which is a pivot for bull or bear case. SPX correction target is 1250 +/- which will be retracing 2006 rally. Additional note on EW count based on major market comparative performances.
20yr cycle low in 1995 and 2015
16yr cycle low in 2006
8yr low in 2002
4yr cycle low in 2002 and 2006
Performances of major markets since Oct 2002 low are DOW 60.18% and SPX 67.59, the two indices have performed comparable percent while NYA has significantly out performed other markets, 95.75%. Since 1995, SPX gained 215.56%, DOW 249.92%, and NYA 261.69% even though the market performances have shown volatility during 2007, SPX 4.66%, DOW, 7.92%, QQQQ 20.49%, and Nasdaq 11.46%.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25519042
Comparing economic condition and the major market relative performances as stated above.
As of 12/21/07, SPX closed at 1484, 50dma resistance after bouncing off from LT trend support as shown on the chart.
http://www.trend-signals.com/Comments/analysis/SPXLTCycle.htm
CYCLES update: SPX is in late stage of 8yr cycle after Jun-Jul 2006 4yr cycle low. Markets are in late stage of bull market near pivotal point. SPX consolidated since 10/11/07 high, forming a diamond top formation. While we do not have a confirmation of a top as SPX 1485 is a resistance which is a pivot for bull or bear case. SPX correction target is 1250 +/- which will be retracing 2006 rally. Additional note on EW count based on major market comparative performances.
20yr cycle low in 1995 and 2015
16yr cycle low in 2006
8yr low in 2002
4yr cycle low in 2002 and 2006
Performances of major markets since Oct 2002 low are DOW 60.18% and SPX 67.59, the two indices have performed comparable percent while NYA has significantly out performed other markets, 95.75%. Since 1995, SPX gained 215.56%, DOW 249.92%, and NYA 261.69% even though the market performances have shown volatility during 2007, SPX 4.66%, DOW, 7.92%, QQQQ 20.49%, and Nasdaq 11.46%.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25519042
Comparing economic condition and the major market relative performances as stated above.
As of 12/21/07, SPX closed at 1484, 50dma resistance after bouncing off from LT trend support as shown on the chart.
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