Printer Friendly

eMail Article

September 18, 2009

Are we Close to a Cycle Shift?
by Marty Chenard

What index is 2.35% away from closing a very important gap that occurred in October of last year?

The answer: The SPY (ETF) with a gap that will be closed when the SPY reaches 109.68.

At the close yesterday, the SPY was at 107.16 which was 2.52 points, and 2.35% away from closing the gap.

As we approach the event, what phase is the SPY's short term cycle at? See the next chart.

This is our short term cycle chart going back to August 18th. There are 2 cycles that work together to confirm each other. The white vertical lines show the beginning of an up cycle and the red vertical lines show the beginning of a down cycle. When the 3 and 6 exponential moving averages (EMAs) merge, then it is time to be cautious or take profits as a cycle turn could be nearby.

So, where are we now? The EMA's were still okay yesterday, but the cycles where showing the possibility of wanting to turn down. Indeed, the cycles do show the best or safest part of the run has already occurred since September 8th. A little caution here would not be a bad thing.

** Feel free to share this page with others by using the "Send this Page to a Friend" link below.

Do you have a friend or fellow investor that you think would appreciate receiving a link to this page of "Today's Analysis"?

If so, simply click on the link below to quickly and easily forward an email link. It is completely private, so we won't even know if you send one.

Send This Page To a Friend

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2009 Marty Chenard

Image rendition and html coding Copyright © 2000-2009 SafeHaven.com

« Opinions expressed at SafeHaven are those of the individual authors and do not necessarily represent the opinion of SafeHaven or its management. Articles are available via RSS/XML. Please visit RSSHelp for instructions. »