The number 32 for time and price

Not only can I count divisions of time in segments of 32, but we can also count segments of price

Murrey math uses 31.25, and I mentioned price levels a few days ago

The SPX for example dropped to 1343 friday in the first hour and it found no buyers, so the next major level would have set it down to 1312 or somewhare in between. When it got to be 3;30pm, and the spx found support at 1331, that was it. HOW, you ask? watch this

1343- 4= 1339- 4= 1335-4 = 1331 bingo
or 1343 - 12 = 1331- bingo
12 is obviously 3x4 as shown

Ive been intorduced to Murrey math of which I had heard mentioned but never paid much attention to it b4.
The best i can get out of it is a progression of price levels that is prominent throughout history
1.95 , 3.90, 7.80 ,, 15.65,, 31.25, 62.50 ,, 125.00,,
In case you ddint notice, its a doubling feature
When I round it off for trading it becomes 4 spx and 8 spx points , but you can use the exact levels as suscribed by the founder.

Ive mentioned Stan Harley, another great analsyst and mathemetician who introduced me to
the daily bar cycles. he has also been the founder of the 215.6 weekly cycles , which may have rolled over and started a new trend this week.

Ive also menioned the Armstrong 8.6 year cycle which was supposed to hit on march 22nd and it may have done just that starting a new downtrend as of that date, or accelerating one in progress that began oct10th, 2007.

there was also the 500 calendar day cycle that hit a high on April1st and double topped on April7th.
I had mentioned spx 1400/1410 as major resistence, but it would appear that break was the straw that broke the camels back and it mybe some months b4 we see that level again.

I am still in the camp for a Nov 4th LOW, nothing to do with elections, just the cycle events culminate on that date.
Oct10- 2007 PLUS 144 trade days = may6th, but more imortant is 288 trade days falls on Nov 10th.

Lets come back to next week. I know thats what you want to read, even tho the other stuff is good reading, but it wont help us make any$$;

Im hoping the spx opens - 4pts to the next level to give me an opp to buy some calls
for a rally into Midday Tuesday where I would buy puts expecting a lower market on the 16th and 17th. Any rally till 1pm on the 18th will probably not hold.
Option week which usually trends in favor of the calls looks like its set against them this week.

I did mention April22nd as the 32 day segment high, but it would appear a lower high and lower lows should follow thru at least July 13th.

April22nd high +32= June 9th high + 32 = July 25th high
You can take it out as far as you want.

Best Wishes for next week
Jay