Current Cyclic Model for 7/5/2005: sum of components larger than 4-4.5 year cycle (sigma l):up 4-4.5 yr cycle: avgs 50+-4 months...28 months along...next low 3/2007-9/2007...down 80wk:77+-3 weeks...47 weeks...1/16-2/27/2006...down 40wk:38+-2...10 weeks...1/2-1/30/2006...up 20wk:19.42+-2...10weeks...8/24-9/21/2005...topping 10wk:46.16+-6 trading days...46...6/23-7/15/2005...bottoming 5wk:23+-6...18...7/5-7/20/2005...bottoming 2.5wk:11.5+-2.5...6...7/8-7/13/2005...topping ........................................................... spx projections: 5wk low-1183+-4 10wk low-1170+-5 20wk high-1230+-9