Chart Ideas

[slinky]

Hey John. Agree on all points. This 2.5wk low on Thursday pushes back my target date for the 10wk low to May 20th which happens to be OPEX. We may have seen the high for this run from March 09 but the new highs in the cumulative NYAD suggests we may see one more price high to allow divergent internals before we descend into the next major low late this year which will be not only an 18 month low, but also a 4.5 low and even a 9 year low per Airedale's phasing.

We peaked after 59wks off the March 09 80wk low.
We are now 44wks since the July 10 80wk low.
It wouldn't be unreasonable for this cycle to peak much sooner than the March 09 one as we are heading dead into a huge Hurst low. I am guessing, but I would expect a peak no later than 48-50wks off the July 2010 80wk cycle low and even now would be quite reasonable. The fact that we are even right translated in this 80wk cycle is only due to historic pumping of liquidity and monetary easing policies. This was only to counteract the pseudotrend collapse we had with the financial meltdown.

So I expect a peak anytime now to at most 6 weeks meaning nearly all the meat is off the bones. I suspect that a rising dollar will accompany this drop into the equity lows. That low is due Sept 2011. So it would be reasonable to see CHOP till Sept and DROP till the 9yr low due Dec 2011.

That is the mantra for the rest of the year.
CHOP with PROPS(Fed) and DROPS till Sept, then DROP and DROP big till Dec.
Best would be a CRASH in Oct for the internals low and a lower price low in Dec with bullish internal divergence.
You heard it here first.

Slinky