SP500 Update Feb 3, 2010

To update the SP500 cycles it appears the 6 week cycle bottomed on Jan 29. We are therefore into the 3rd 6 week cycle of the 18 week cycle and what should be the 50 week cycle as well. We have bounced since the last trough and are almost on the 38.2% retracement. I suspect we will bounce up to the 50 - 61.8% area or 1111 - 1120 and that would be the crest of the current 6 week cycle.

Time wise Feb 12 - Feb 15 would be a good fit as we have a new moon on Feb 12 and the Sun conjunct Neptune on Feb 14. Feb 16 has Venus conjunct Jupiter. The latter 2 signatures have a good history of CITs (change in trend).



After the crest of the 6 week we should be heading down into the 18 week and 50 week cycle troughs. A good indicator would be the Mars direct date around March 10 +- a few.