The New CS Board

[Oddlot]

Rally to 2905 area in progress.

The decline of 8 days to low of 2864 implies that the 18day cycle is the one to watch, with a high likely in another 8-10"days. The average (1 std dev) amplitude for the 18day us approx 40pts, giving target of 2904 or a little higher. The underlying trendcisvtye question, and eith the 72day cyclic low due in Oct, the trend is likely to be down. If so, the high is likely 2910 or lower.

The volume by price chart shows highest volume over 18days centered near 2900, so my guess is that it will turn just under 2900.
Oddlot