tuesday... tackling the weekly chart, page-39

arrrh lord volt...u were reading
my mind a little....

:+)

i was about to start a new thread on
the SPX but i will 'wack' it under yurs
if u dont mind....(its all sorted of related anway)

i feel we are at the cross roads a little
this week...

i have a target 5th wave but also
some suggested critical trendline support
and rule of 8 support... if we breach either of them
i think the high of yesterday will be the high
of the 18m cycle and indeed the shortened
2nd 40w cycle....

if u look at the cycle table we approx 3 mths
left (assuming the 18m cycle doesnt extend) to
nest a low so time is running out...
the combos are many as to how these last months
play out (new 18m high then nest a low or just nest
a low from here)...

although the 2nd 40w cycle has jsut started the
more dominant 18m cycle should take over so it will
be the cycle to watch...

if we have a minor correction (or nested 18m low)
from here then the next 18m cycle should nest in
a higher low... meaning the uptrend continues...

if we have severe correction from here then the
next 18m cyle should nest in a lower low..start
of new downtrend...

not a bad time (if u are long biased) to be
watching closely... ready to exit if some of the above
scenarios come into play...

anyways hope all this makes sense...