Short Term Trading Member Forum

[airedale88]

cyclic trend remains strong to the upside. in a trendless market one would expect a 10 wk cycle to go up 5 wks and down 5 wks and return to the same prices it began at. in a market that has topped one would expect a 10 wk cycle to top earlier, perhaps 3/4 weeks up and 7/6 weeks down, and make a lower low than the starting point. the current 10 wk cycle appears to have bottomed at 41 days from the 4/29 commonality low and 48 days from the SP500 4/20 price low. all indexes were right translated, spending more time going up than down. the lows for this cycle are well above the previous 10 wk lows. these facts imply that the sum of all larger cycles is still to the upside, the 4.5 yr market cycle has not topped, and new highs for the yr are coming on most indexes. another very bullish fact is that only the INDU generated nominal 10 wk downside objectives which were met, other indexes only projected 5 wk price lows or less. very bullish.

Russell 2000 could not break it's 5 wk fld, let alone the 10 wk. very bullish...................................

http://charts.barchart.com/chart.asp?sym=$iux&data=A&date=062905&den=MED&evnt=off&am...

Value line like wise...........................

http://charts.barchart.com/chart.asp?sym=$vla&data=A&date=062905&den=MED&evnt=off&am...