these next charts are more close up. using measuring strips which have marked the actual lengths of the last three 78/80 wk cycles and the last three 40 wk cycles we extend from each cycles last known low to get an estimate of the time window for the next 78/80wk nest of lows (which also contains a 40 wk low). measuring strip analysis indicates jan/feb 2006 and lines are drawn at that time period. the next chart shows price action at that expected time window. prices jump up the 1st wk of jan, about a wk or so before the area for a 40 wk low is indicated and a few weeks before the 78/80 wk low is indicated. at the time i accepted that as a shortened 78/80 nest of lows. based on that i expected a nominal 20 wk low in may 06. instead, prices declined into june. either this 20 wk cycle ran long than the average length, or my labeling of a short 78/80 wk cycle was wrong. the amplitude of the drop into the 20 wk low of june was also high. was this really a 78/80 wk nest of lows that ran much longer than previous samples? there was short term news at the time, a large hedge fund(s) was imploding . that could account for the high amplitude in may/june. see next post.....
Market Data 
Markets 
AI
