March 2010 6 week Cycle

As suspected the 50 week cycle trough appears to have hit Feb 5th, although we were expecting it mid March. As noted shorts should have been covered as the SP500 broke the 61.8% retracement level. It also appears a 3-4 week trading cycle hit on Feb 25th.

The dates around March 15 - 17 still appear to have some significance from an Astrological perspective. We are now in the time frame for a 5-7 week Major cycle trough. This would be the first major cycle of the 18 week primary cycle which started on Feb 5th. Therefore be aware we may have a pullback next week.

Normally we would have looked for a pull back to the 61.*% retracement level or approx. 1110 on the SP but this market has been so bullish that may be too deep a target. Watch for a turn down between March 11-17 and probably March 15-17.