1998 Scenario

1998 scenario: As of 1/22/08, a correction to SPX 1270 +/- target is met. As noted on 12/12 and 12/23, markets have met targeted corrections. For 1998 scenario, I have shown the wave "4" formation as of 1/22/08 on the cycle chart with EW notation. (WIP) As shown on the cycle, we have peaking 4 yr cycle with declining 8yr cycle.



http://investorshub.advfn.com/boards/replies.asp?msg=25519214

Date: 12/23/2007 4:30:46 PM

SPX daily in a Diamond formation: SPX 1485 is a pivotal resistance within a diamond formation after a strong trend up since Jun-Jul 2006 bottom which is the 4yr/8yr cycle bottoms as noted on previous posts.

Breaking above 1485/1500, SPX will retrace to 1575 +/-; conversely, breaking below the lower Diamond TL support, it will retrace to the Jun-Jul 2006 TL support targeting 1250 +/-.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=25256353
Date:12/12/2007 8:47:23 PM

Huge and beautiful runs since 2006 bottoms. Markets consolidated during 2007.

$TRAN, $BKX, and $SOX were leading.

Ideal market correction:
Qs 47.50/41
TRAN 4110
DOW 11300
SPX 1275
NAS 2200



http://investorshub.advfn.com/boards/read_msg.asp?message_id=25519214

Date:12/23/2007 4:18:44 PM
Post #of 5605

Market Cycle update and comments: WIP (still in work in progress)

http://www.trend-signals.com/Comments/analysis/SPXLTCycle.htm

CYCLES update: SPX is in late stage of 8yr cycle after Jun-Jul 2006 4yr cycle low. Markets are in late stage of bull market near pivotal point. SPX consolidated since 10/11/07 high, forming a diamond top formation. While we do not have a confirmation of a top as SPX 1485 is a resistance which is a pivot for bull or bear case. SPX correction target is 1250 +/- which will be retracing 2006 rally. Additional note on EW count based on major market comparative performances.

20yr cycle low in 1995 and 2015
16yr cycle low in 2006
8yr low in 2002
4yr cycle low in 2002 and 2006



Performances of major markets since Oct 2002 low are DOW 60.18% and SPX 67.59, the two indices have performed comparable percent while NYA has significantly out performed other markets, 95.75%. Since 1995, SPX gained 215.56%, DOW 249.92%, and NYA 261.69% even though the market performances have shown volatility during 2007, SPX 4.66%, DOW, 7.92%, QQQQ 20.49%, and Nasdaq 11.46%.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=25519042

Comparing economic condition and the major market relative performances as stated above.

As of 12/21/07, SPX closed at 1484, 50dma resistance after bouncing off from LT trend support as shown on the chart.