hi bubbleboy,
Nominally the 80 week low is due mid-August for the $SPX. For the moment I have no way to predict how we will move into that low. Every 20 week cycle has been quite short and very right translated (short sharp corrections). So it is quite possible that we put in another near term low (ie. by late May), head higher again and then correct viciously into an 80 week low. There has been no way to foretell cycle lows since the 40 week low in Nov., and the early Feb. low is a good example.
As for bonds, there is an important top looming sometime this summer and then it will be curtains for Treasuries for a couple of years. This will be part of the unpredictability of the markets. I am not playing bonds at all anymore, short duration or long. I only hold some corporates and preferreds.
cheers,
john
