tag:blogger.com,1999:blog-3306761513251848872.post2813724304293126906..comments2017-11-15T07:30:39.339-05:00Comments on FutureModern Finance: SPX CyclesGeorgehttp://www.blogger.com/profile/13759499295301691764noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3306761513251848872.post-25045348304114458392008-09-07T23:06:00.000-04:002008-09-07T23:06:00.000-04:00Some additional observations:The short term diverg...Some additional observations:<BR/><BR/>The short term divergence (July/Aug/Sept) also shows up in the MCO and the 10% component. The divergence is sufficient to signal a turn over the short term and clearly Mondays price action will be to the upside.<BR/><BR/>However, I doubt it is sufficient to provide the successful test to the July low in the 10% index (approx. -700) This suggests another test of the recent price low between now and year end.<BR/><BR/>A positive divergence of the current low COULD be validated IF the 10% index goes above +500 on the upcoming rallyGeorgehttps://www.blogger.com/profile/13759499295301691764noreply@blogger.com