weekend stuff, page-6

It's amazing what you can see in retrospect and its not always useless if you can find something to use.

I have assumed that June 20 was in fact the orthodox high prior to the sharp fall into August, even though July 13 was the actual.

This was because crash cycles have been 155 cal days with 99 days up and 56 days down.

That fits close enough with June as the top.

Now I see that from the 2003 low the market had a top after 2 yrs and 8 days.

After correcting it had a top after 1 yr and 5 days.

After correcting, an additional 1 year 6 days gave a June 20 2007 top.

So that date may be useful in cyclical work.

Can we run another year up? At the rate we are going we achieve 15000+. I doubt it, but possible.

What is interesting is the size of the latest move and no down weeks.

7 straight weeks up has happenned a few times since 2003 but much rarer before.

8 weeks up, there are only a handful since 1982.

The action looks a lot like 1987 or 1994.

So I suspect a top right here, or a one week pullback and a final top in Nov.

A few see around Nov 4 and 90 days would be around 14th.

Too many things are too overbought in historic terms to allow another year up, so I reckon its right now or mid Nov at the latest for a major top.