The Master Cycle update

In my last post, I mentioned the rally is ending soon, but so far we have not seen any confirmation of a change in trend to down yet, as all trends remains firmly up.

This past week we were up +4.51 SP's as we continued sideways to higher in a potential narrowing wedge, which suggests we should see a relatively sharp break once complete.

The Master Cycle needed to be fine tuned and updated to incorporate the current rally phase. 

The updated Master Cycle2 (MC2), since the 12/19/11 Lows projected a 68 Calendar Day rally into 2/25 High (2/24-27) or a 48 Trading Day rally into 2/29 High, which is both a 2/29 geometric CIT and a VIX Apex CIT. 

The Master Cycle2, in Cyan (click on chart to enlarge):

1.    10/4/11 Major Low

2.    12/19/11 Major higher Low

3.    1/30/12 higher Low

4.    02/24-29 Major swing High

There are several other reasons to look for a 2/24-29 High:

1.  2/24 is 45 TD 12/19/11 Low

2.  2/24 is 55 TD  12/05/11 High

3.  224 is 81 TD, 9 squared 10/27/11 High

4.  2/28 is 100 TD, 10 squared 10/4/11 Low

5 . 2/24 is 121 TD, 11 squared 8/31/11 High

6.  2/25 is 144 CD,  12 squared 10/4/11 Low

7.  2/25 is 233 CD 7/7/11 High

8.  2/28 is 750 TD 3/6/09 Low

9.  2/27 is 40 squared 10/11/07 High

10. 2/28 is 33 squared 3/6/09 Low

We should see a sharp break after this 2/24-29 High is complete, but we need to see a clear downside reversal to confirm that the highs are in.