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northam43

03/08/13 2:18 PM

#2790 RE: northam43 #2785

SPX Daily Chart: The last time we had a 60 min Phase 2 that lasted 30 hours or more was from July 12 to the 19th. Then see what happened.

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northam43

03/11/13 11:19 AM

#2832 RE: northam43 #2785

SPX Cycles Morning Flow Chart:

The SPX 60 min Phase 2 continues in it's 34th trading hour, only 8 hours from a record cycle. I'm still looking for a 60 min Phase 1, the current projected low is 1531.1, a 60 min low could be put in by the close. If the 60 min low is reached, it would be below the Daily UTL, tomorrow a Daily Phase 1 is due, the current projected low is 1487.11, if the Daily low is reached, that would be below the Weekly LTL, a Weekly Phase 1 is due the week of March 18 to 22nd, the current projected low is 1423.33, that would be just below the Monthly UTL, a Monthly Phase 1 is due for April, the current projected low is 1340.80, of course if that level is reached the SPX will be in a new Bear market with a current projected low of 1310.24, that is all of the current projected lows, so the question is which of these do we reach. I believe the 60 min & Daily are most likely within the next week. The Weekly & Monthly will likely extend awhile longer.