Thursday, October 1, 2009

Cycles update

Posted in the T&C Forum and Raj T&C Daily Email on 9/28:

I was looking for a 9/24 Low, which arrived 1 TD later on 9/25L. The Master Cycle (MC) is looking for a brief rally, watch 9/29 at 9.50 EDT for the next High of the week!"

Actual: we made a 9/29 High at 9.55 am and have been hard down ever since. Short term support is at 1036 and 1030 SPX. It should get real interesting when we close below the 3/6L-7/8L-9/2L uptrend line, currently at 1047 SPX.

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