monday trading, page-10

The US markets probably should have exploded upside last night if they are going to.

If they don't Monday then a top is probably in as that many higher lows and highs should be the ideal setting for a big surge.

Both Mclaren and Laundry have now as a strong possibility for the end of the rally and a major new move down.

I still think May could be a real battle.

It appears that the Decennial and Armstrong cycles turned up in Jan and March respectively and the Presidential cycle is due to bottom about May, so May should have a higher bottom in my mind.

There is one cycle that is still a concern here and that is the 64/124 month cycle evident here since 1982.

From the 8-9/07/1982 bear market low here we have

8-9/07/82 to 21/09/1987 major high 1900/1 cal days.

21/09/82 to 17/11/92 major low 1884 days.

17/11/92 to 13/03/2003 major low 2X1884 days or 3768 days.

The turn in Jan 1998 didn't happen but was a sideways period for the best part of 2 years.

Anyway if we take 1884 days as the number then 9/05/2008 is a possible high or at least May sometime.

So probably only if we continue up past the beginning of May do we need to consider the last idea.

The lows have played out better than the highs and mid July 2013 will certainly be a good time for a major low.