OnLine Cycle Analyst's Seminar - Cycle Identification - 9

Viewing Instructions:
Click on the Audio link below to begin; click Next to go to next chart. Before clicking on the audio link, allow the chart to fully load. If the charts do not download completely, right mouse click and choose "refresh".

S&P500 WEEKLY
The 18-week cycle bottomed in the red timing band on schedule. Prices are now moving higher into a weekly cycle top, most likely to occur 4/16 - 4/22. Our price objective for this high is at least a test of 1350 with a test of the 1370 level possible. Watch for 1370 +/- 10 points.

Although the 5DS and 10DS oscillators have both turned down, the market is still in an uptrend as last week's highs exceeded the high of the previous week to form a swing bottom. The energy is up. This weekly cycle top could be followed by a sharp downmove into the primary cycle low. A purchase of out-of-money puts as prices test 1370 could bring multiple profits.