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BYRON'S NINES UPDATE, 28 JULY 2000, THE SPX
#1 chart shows the up and down 9 wave movements within the 57 weeks cycles on the slow stochastics technical indicators at the bottom of the chart. Note that TIMEWISE, the current 9 wave movement is scheduled to end on Friday, November 17, 2000.
#2 chart has the longer term 9 wave which I have beginning in November, 1994. (this starting date of 11/94 has yet to be proven)
Note that I have marked a 9th for the July, 1998 top which shows up on the price bar chart and the slow stochastics indicator.
Also note that my favorite turn indicators, the 3-6-9 counts of the waves, are placed/end up on each of the 57 weeks TIME periods. The turns being the beginning of a new up or downward 9 count movement within each 57 week period. See chart #3.
#3 chart has an additional technical indicator the Relative Strength Index with a 9 count from the July, 1998 high. As can be seen there is currently a channel in place from from the mid-year high in 1997 to now. the RSI has been bouncing off the walls of this channel espeically since the ending of the last 57 weeks - 9 waver on 10/16/99.
Will be interesting to see if the rsi continues to run within the channel until/or near the 11/17/00 date when the current 57 weeks cycle will end. I have no way of knowing if it will do that..but a breakout from this 2-3 years channel will also be interesting.
As mentioned above, this #3 chart shows the 9 wave count within each 57 weeks period. The 1-2-3 up and the 1-2-3 down within each 38 weeks cycle (the triagnles) seem to be marching in step with the slow stochastics indicator recently.
Hope the above is of interest.
Tom Byron
