spx next 2 weeks, page-15

Next 2 weeks may well be important.

I have an August cycle low as can be seen by the vertical lines and standard oversold levels are now being reached.

Other work too says it is starting to get interesting for the overall market, but I suspect the move up will be to the detriment of resources which will be hard hit for a while longer.

Of course this seems to just round one and the main action begins late next year.

As can be seen by the vertical lines, the first half of 2010 does not look good and that doesn't show the fact that the major US cycles are all hard down at that time.

Anyone owning shares going into 2010 will end up wiser and poorer very quickly IMO.