Intraday & Daily Times and Cycles

Intraday 5 min CIT (Change in Trend) Times 4/20/10: 10.50, 11.10, 12.15, 11.40-12.45 hourly, 1.00 and 2.15 pm EDT 

As mentioned in the previous post, I had an 4/27-28L, 4/29-30 High, so now I have today and Monday as down days

2 criteria for the trend to turn down

I had 2 criteria for the trend to turn down:

1. The daily SPX trends turned down below 1194 SPX channel/TL support, but that hasn't happened yet for the NDX, which is usually the market leader.

2. We decline more than consecutive 2 TD, something we have not seen since 2/5 Lows.

Shorter term, we should make a 4/27-28 Low, bounce into 4/29-30 Highs and decline into 5/3-5 Lows. Trend is generally down into 5/3-5 Lows.

The 296 Cycle, the 4/17 CIT and the Master Cycle general bias

The 5 min 296 Cycle, that last called the 4/15 High is next due around 12.40 pm today (click on chart to enlarge)

In a previous post, I mentioned that the 4/17 Major CIT was 37 X 37 CD + 7/18/06L

http://timeandcycles.blogspot.com/2010/04/major-turning-point-soon.html

The 4/17 weekend CIT was either a 4/15 High or a 4/19 Low.
The current bias is it was an 4/19 Low. The 4/19 Low was also a perfect 12/24  TD Hurst Low.
  
The Master Cycle, as most know is bullishly biased through October 2010 and suggests all declines will be short-lived, before heading much higher. 

The Master Cycle (MC) was looking for 2 Lows, one was the 2/5/2010 Low and the other was to be a Mid March Low, which may have arrived 2-3 weeks earlier to the 2/25/2010 Low. 2/25/10 was also confirmed as the 40 TD Cycle Low:

40 TD Lows: 7/8/09L -40- 9/2L -42- 11/2L -41- 12/31L -37- 2/25L

IF the 2/25/10 Low was the reset MC Low, we then had a similar "straight Up" rally that the MC was predicting, as we have seen into the 4/15 High.

Intraday & Daily Times and Cycles

This was sent out last night:

"The next 298 Cycle is due near the close of 4/15, where is there is an hourly CIT. 

The Master Cycle now suggests the following: 4/15/10 High, near the close. 

Swing traders: The geometric 4/15-16 CIT was a 4/15 High and we should see a sell-off into...

The 7/18/06L + 37X37 CD (square)= 4/17/10+/- is the next major CIT.  Any break below 1190 SPX MOB channel support, will trigger a further decline to the Master Cycle Target.

Intraday Cycle:

Intraday 5 min CIT (Change in Trend) Times 4/16/10: 10.20, 1.15-20** and 2.30 pm EST

Intraday Cycle: 10.30H, 12.30L, 1.30H, 3.00-30L 

Friday’s bias is a High am to Low pm with a 1^st hour High at the 10.20 CIT, decline to a 12.30 Cycle Low... If the MC is correct, we should close near our Lows tomorrow. 

Major Turning point at hand

There are various reasons for a Major turn soon, here is just one of them:

Squares from 7/18/06L

Squares of CD from 7/18/06 Major Low:

26^2 = 05/24/08 -5 = 05/19/08 Major High 
(26^2=26X26 CD=676CD+7/18/06L=5/24/08, etc.)
27^2 = 07/16/08 -1 = 07/15/08 Major Low
28^2 = 09/09/08 -5 = 09/02/08 Major High
29^2 = 11/05/08 -1 = 11/04/08 Major High
30^2 = 01/03/09+2 = 01/06/09 Major High
31^2 = 03/05/09+1 = 03/06/09 Major Low
32^2 = 05/07/09+1 = 05/08/09 Major high?
33^2 = 07/11/09-3 = 07/08/09 Major Low
34^2 = 09/16/09     = 09/16/09 High
35^2 = 11/24/09+3 = 11/27/09 Dubai Low

36^2 = 2/3/10L +2 = 2/5/10 Major Low

37^2= 37X37 CD =1369 CD + 7/18/06L = 4/17/10

Notice these dates are often +/- 1, 2,3 CD but could also be +/- 5 CD.

Would you buy this market?

There is RSI and MACD Divergences as well

We are near Long term resistance

The 22 Month cycle, a Daily view

Update on the last post: The 3/31 Solar and Geometric CIt was a 3/31 Low.

The 22 Month Cycle February Major Low, a daily view. (click on chart to enlarge)