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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,652.00
(
0.06%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,831.01
(
0.06%
)
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northam43

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northam43

Re: northam43 post# 2734

Monday, 05/24/2010 12:31:08 PM

Monday, May 24, 2010 12:31:08 PM

Post# of 2827
SPX Weekly cycle:

Last week the SPX weekly cycle Phase I hit a low of 1055.9

That could be the cycle low. However, at this point the weekly is still below the lower trend line. So a new low is still very possible. When the price rises above the lower trend line, then the probability of a new cycle low will diminish.

This is the 3rd week of this weekly Phase I cycle. The average weekly Phase I is 6.5 weeks.

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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