Replies to post #933 on SPX Cycles System Daily Cycles (SPI:IN\X)

[northam43]

Thanks, Torqputty.

The Daily price has dipped below the LTL. However, we are still 20 points above the Weekly UTL.

Lets see how low we go in the next couple of days. If this is a very short Daily cycle, I'll probably not get a buy. But I believe a weekly Phase I (Bear) is not to far off.

As per JLS, if the SMA 20 holds then that would support my view of a short cycle. If the SMA 20 doesn't hold then we may be headed for a possible new weekly Phase I (Bear). However, during the November 16th to the November 30th period, the Daily SMA 20 did not hold, and we did not go into a new Weekly Phase I (Bear) either. So as to the significants of the SMA 20, to me it's just another moving average and serves of little importance to my system, in my point of view.

The Daily PPO(3,8,4)has crossed below the zero line, that is significant. The last time that occured was November 12th and it remained below the zero line until December 1st. Lets see where that closes today.