Silent, I agree. I still think that the 80wk low is ahead of us as the recent increase in volatility, VIX, ATR, is generally correlated with an increase in the local cycle length. I had originally forecasted May 13th as the likely time period for the low, based on the very shortened cycle lengths. I now believe it may come later, perhaps a few days, perhaps as much as a couple of weeks. I don't have any new targets at this time, 1100-1105 area on SPX is still targeted, has been met and may be retested as might the 1050 level.
Doc
