DD, Airedale had these 4.5 yr lows:
April 1994
Oct 1998
Mar 2003
We are now 78 weeks along this 80wk cycle from the 4.5 yr low of Aug 2007. Cycles have been lengthening as they usually do in bear markets. I believe we are forming this 80wk low right here right now in the next 1-10 trading days. On the SPX cash, there is a 2.5wk fld projection formed over the last 2 days that targets 776 +/- 10 points.
This could be a volatile sharp V bottom if the heavier weighted stocks in the index make their 80wk lows at the same time, or if it is news driven with an increase in amplitude due to that. It could also be a sloppy more ambiguous consolidation bottom if the heavier weighted stocks in the index make their 80wk lows on different days in a splayed out fashion, similar to the 80 wk low in Jan-Feb 2006.
The bulls will have their best chance in months immediately after this 80wk low.
The 9 yr cycle will be heading down but
The 4.5 yr cycle up
The 80wk cycle up
The 40wk cycle up
The 20wk cycle up
The 10, 5, 2.5, 6-7day cycles all up.
Airedale RIP would have loved this...
Slinky
