Trending the SP500 SPX using proprietary cycles. A mechanical program (excel formula's) and the use of Advanced Get (Elliot waves) to both visually show what my spread sheet offers and how Advanced Get understands it. I'm also using a MOON COUNT that has been working nicely! Use at your own risk to supplement your own work. Jerry
Sunday, July 25, 2010
Bullish if
Bullish why not.
3-Cycle models are all up ,days,wks,month.
Looking at my chart you see the MACD crossover pattern.
We have broken above down trend line.
AGET has us finishing a Wave 5 targets 1115.77
to 1168.98 SPX
Thoughts-Still look for a high 26th, 8td and a low 28th based on the 119 td count
8-17-09L+119, 2-5-2010L+119,= 7-28-2010L. That low could be fast and bounce off 1056
The 26th high should have a vix under 22.99 if not lower,best case adding to short term OB conditions.
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