Replies to post #31099 on Short Term Trading Member Forum

[zentrader13]

Arjunah,

Is it possible that the final 7 week cycle in the 4.5 yr cycle could produce a higher high or double bottom at 1270 thereby avoiding a break of the 54 month FLD and a crash 950?

Also do you have any downside targets projected for NDX at this time?

TIA,
Zen

[BuzzOnDaBeach]

On you're preferred phasing, you're counting march '03 as the last 4.5 yr low? 7 weeks out would put us at 5 years for the 4.5 year low? Cycle running 6 months long?

Wouldn't all of the longer cycles within the current 4.5 yr. need to be running long for that length to be valid?

Buzz

[arjunah]

SPX: despite the cascade pattern above prices following the Jan. 23 low, the SPX failed to meet upside projections. This undershoot suggests the underlying short term trend is still down. The two massive interest cuts on Jan. 23 and Jan. 30 were fundamental events that would have been expected to goose any upside action, so the undershoots despite the interest rate cuts is further evidence of a strong down trend. I'm standing by my phasing that we will see lower lows in the next five weeks.