Short Term Trading Member Forum

[techcharter]

T/A Software Update

This weekend I did some scanning of the SPX spectrum. What I found were a few more active regions. I initially reported the topping of a long term (>4 yr) composite cycle expected to occur in the next 30 trading days (by end of December 2014). That hasn't changed. What I found this weekend were 3 shorter term composite cycles (34, 55, 89 days) topping. The 144 day and 223 day cycles were just starting to form the first cycle in their wave packets. So there are a whole bunch of cycles topping. They are not topping exactly on the same day; the shorter cycles should top first, and the longer cycles will top last. Most of us can understand this concept because we have read about Hurst cycles. The amazing observation is all these cycles are nearly perfect Fibonacci numbers. This begs further historical exploration of cycle activity at major market turns and crashes.