Replies to post #30928 on Short Term Trading Member Forum

[lexus300]

arjunah..excellent read! Very good work.

[pegwatcher]

Yikes !!

[airedale88]

arjunah, if your phasing is the correct one then the short term trend over the nominal 80 wk cycle is flat, not down. the 4.5 yr cycle moving to it's low would have the 9 yr cycle moving to it's top, one cancelling out the other.

[arjunah]

SPX: The downside targets I mentioned last week projected by the breaks of the 80W FLD were met today (and yesterday). But, I still have another 7 weeks to go on my preferred phasing for the 4.5Y low. Ordinarily, I'd expect a bounce now that would only last a week or so, since this last 7 week cycle should be severely left translated. However, the large rate cut is a fundamental event that could delay (but not prevent) another sell-off, just as the surprise cut in September propped the market up for only about four weeks.