Tuesday, August 24, 2010

The dominant Cycle: 8/17 High of the week, 8/23 lower High, final decline to 8/27-30 Major Lows

The dominant Cycle: 8/17 High of the week, 8/23 lower High, final decline to 8/27-30 Major Lows.

From  T&C Daily email:

The dominant cycle had an 8/17 Major High and a decline and bounce into 8/23 lower High, which was confirmed by 8/23 being a double CIT High, both a geometric (60-70% accurate) and a Solar CIT (84-90% accurate). From the 8/23 High we should see a relative sharp decline into the next Major CIT cluster on 8/27-30 weekend CIT, which includes an 8/29 Solar CIT, a double MTC on 8/28-29 and an Apex of the wedge doe 8/27-30. This should be a Major Time and Cycles Low, completing a 5-3-5 Ewave ZigZag from the 8/9 Highs to the 8/27-30 Major Lows"



Intraday Update today:

"1056-57 SPX is the 7/20 swing Low and the 62% retrace. Below that we should retest the 7/1/10 Major Lows and see new Lows."
 
Globex is pointing to a -13 SP open, below 1052 on the futures, a close below 1056 SPX would be bearish and confirm the highs are in on 8/23 lower High and wave 3 or C is underway into 8/27-30 Major CIT.



Please note: This will my last update on the public blog for a while, if there any questions, please feel free to email me at: timeandcycles@gmail.com

1 comment:

TimeandCycles Intraday CITs said...

The clincher: "This should be a Major Time and Cycles Low, completing a 5-3-5 Ewave ZigZag from the 8/9 Highs to the 8/27-30 Major Lows"

IOW it is not the start (yet) of a Major decline. We should see a rally in September. Fade this forecast at your own risk