In the comments to the previous post, rchaber asks,
“C’mon Chris, you’re not going to mention the importance of this week in your Spiral Calendar?
Last year’s top on 10/11 plus f12 is 9/29, this years top on 05/19 plus f8 is 10/01, 08/11 plus f4 is also 10/1 and finally, 09/02 plus f2 is 10/02. This week is the culmination of the this whole correction.”
Here’s the chart that was supposed to be in the special report.
click chart to enlarge
The problem with looking for a low here, is that we’re enough above the September low to not fit a turn with precision. If stocks come down hard into mid-week, then we must entertain the possibility of a bottom, but right now I’m just ‘wait-and-see.’
The Tricks index has good information for us here as well.
click chart to enlarge
At a market bottom, we’d expect the Tricks to turn up before the S&P 500 turns up, and thus “diverge” from price. Right now, the opposite is happening, stocks have bounced some while the Tricks index continues to head lower. This indicates more weakness for stocks ahead.
The Spiral Calendar structure occurring this week is worth watching. It’s possible to make a spike low without our favorite indicators flashing signals, so yes, a low might occur. But right now, I am not convinced.
6 responses so far ↓
1 rchaber // Sep 29, 2008 at 8:55 am
Chris,
Sorry about that, I didn’t even know about the special report. Just donated the $35 to get it. And thank you very much for posting an answer to my comment, which was very helpful. Depending on me, your book would be back into print, I’ve been recommending it to many colleagues. I find it the greatest discovery in financial markets, even more important than Elliott Waves.
2 chris // Sep 29, 2008 at 9:39 am
Don’t apologize. The report’s delayed, and discussion of that turn is timely now. I want to get to a point where the blog is a complete source for both Spiral Calendar discussion and my other analytical approaches. I’m making progress!
3 NickG // Sep 29, 2008 at 10:02 am
At last I’ve got round to donating.. Hope all well there.. Interesting times, eh?
Wanted to ask if this counted as an Autumn new moon.. I assume it does, like 1907 and 1873 (I think it was?)..
I know S&P not making new lows today but lots of indices here in Europe are, especially small and mid caps.. feels quite panicky!
Cheers
Nick
4 JC Martin // Sep 30, 2008 at 2:42 am
Right on Sep 29……but look into end of October : you’ll have many more turning points related to the past with a spiral calendar ratio. Oct 25-29 or around.
JC
5 tobject // Oct 1, 2008 at 5:51 am
Do you publish those possible turning dates on SPX in advance?
BTW: your mailbox is full, I can’t send anything to you
6 chris // Oct 1, 2008 at 8:44 am
I haven’t included Spiral Calendar analysis in the blog, but I will in the future when the blog transistions to a paid service.
Thanks for the heads-up on my email. It’s fixed now.
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