Trade the Cycles

Tuesday, October 16, 2007

Reliable SPX/Market Lead Indicator Walmart (WMT) Is Filling It's Downside Gap At 45.59 From Last Thursday

Reliable SPX (S & P 500)/market Lead Indicator Walmart (WMT) is (probably) in the process of filling it's downside gap at 45.59 from last Thursday, see http://finance.yahoo.com/q/ta?s=wmt&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=, and, the market's following it down, see http://finance.yahoo.com/q/ta?s=%5Espx&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=.

Based on the Elliott Wave count (completed 12345 up down up down up patterns) it looks like WMT, SPX (S & P 500), HUI, etc put in minor intermediate term cycle highs last Thursday 10-11-07, for the cycle that began 8-16-07, and, probably put in very important Cyclical Bull Market cycle highs also, see the previous post at http://tradethecycles.blogspot.com/2007/10/spx-s-p-500-completed-two-session.html.

....... http://www.JoeFRocks.com/ .

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