Thursday, September 10, 2009

Hugo is cycling...

I had a free morning and didn't really know what to do. So I thought I could play a bit with cycles (yep the first thing that came into my mind lol).

However, the picture above is the result of this morning. All you have to do now, is to compare my chart with an SPX Chart (mainly compare the turning points (labeled in red in my chart)).

So far, the turning points in my cycle fit quite well with the important lows/highs in the SPX and if the market should turn in September I might try to improve the cycle a bit ; )

SPX: Made a new high, thus I expect 1070/1120 to be tested next week. After that, the market should turn and begin Primary 3/C what actually fits very well with my cycle ; )

Primary count: in [iii] of C of (Y) of [B]/[2]
Alternative count: none