July 19, 2007 + 216 tr days = May28th, 2008
Since that represent 4 iterations of 54 tr days, it should offer an important low point
Whats that? you say, an important low point? Yes
what follows is 2 more iterations of 54 to nov 4th- yes election day
Ive mentioned this a few times and will repeat it again.
From May28 + 54 = August 18th, an important date with a SOLAR eclipse, THEN add 54 more = Nov 4th.
THE spx lost 300 pts from Oct9th, 2007 to March 17th,2008
the gain so far to 1422 is a succession of 4 - 40 pt gains from 1262, or 160 pts or 50%
NOW add 80 more points or 2 x 40 to get to 1502
another way to do that= 300 x 78.6% = 236 pts + 1262 = 1498
SO, now we have the May28th low leading to an Aug18th eclipse topping with the SPX @ 1500
Actually its the March 17th low and a break out above 1422 in June that will clinch the deal.
Best for now
Jay
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
1 comment:
Hi Jay,
Only to say hello to you.
You keep surprising your reader(s), but so do the markets. I love it.
The cash build up after these months must be huge, so why indeed not retrace most of the losses and get all of us back in the markets?
With al little help from the FED and the G7 (no hard evidece, but last week with opex in the US and Europe there were some strange things going on, which do suggest they both intervened. I know, in the end the cycles rule)
In case you are interested, here's Jim Curry and his take on the cycles:
http://www.safehaven.com/article-10298.htm
Have a good day.
Peter.
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