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Compare this chart to the NASDAQ chart, and it looks as though a confirmed bottom in the NASDAQ will provide a spring board for the S&P; to take off. The 20-day trading cycle bottoms are indicated by the up arrows. The most recent cycles bottomed in the timing bands. Following the most recent oscillator low, a "hook" marked "H" was formed as the most recent setup bar was completed. Prices rising above the high of that setup bar indicate the trading cycle is indeed moving up. A rise above 1252, Friday's high would confirm the trading cycle bottom, and most likely the 20-week cycle bottom as well.

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