I did this chart after the late 2004 vertical line (cycle low). The vertical lines are all the exact time distance apart (roughly 18 months) and are created by connecting previous market turning points like the 97 and 98 lows and the 99 high. These 3 points are all the exact distance apart and we can use that knowledge looking forward to predict when potential market turning points will be. So basically I use the charting program that overlays equidistance vertical lines with the length of time I decide.
After bringing the chart forward to today's date, incredibly the cycles are still working well and have aligned directionally with the 07, 09, and 2010 lows. All I did to this chart is update the time range and the charting program projects the cycles outward. The next cycle point based on this will be 18 months from June 2010, or December 2011.
The market will let us know if it is likely a high or a low.
Click on the title heading to see an updated chart.
Good luck!
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