blah sorry guys, got the suspension for 3 days for flaming moderators.
Well obviously US markets have survived that question mark level the April time frame as the last time frame for the ultimate top.
The actual cycle high is the 21/4/06, however if you want to know how dynamic cycles work I have done a quick article www.aspecttrading.com/dynamic.htm
Market will probably stay in the current range and the sell signal should come late april when the blue line goes. Not Fridays action was typical exhustion move on the Dow so expect a down week next week. Be very surprised if ti went for a June low now, if it does it will be crash like.
Note this is the worst possibility for the bull's, by going for the April high not the June low shows that we are in for a significant economic downturn in the US, not just a general correction. First time frame for a bottom will not arrive until December 2007.
Note from these levels the dow has a habbit of falling vertically, within a few days from 11,500 to 9800. Interestingly 9800 is the first support line.
DOW Price at posting:
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