See if you can spot the 'ugly' cycle on the daily chart to the absoulute low.. 30 bars long. there is also a valid one there 33 bars long. the 30 bar one projects the top on mon, the 20th, while the 33 bar would be a few days later. The correction simply has to start this week! there are some neg divergencies showing, but they are very minor. either way , i see this week as the most critical week since the mar 6th low as far as the market goes

Other interesing facts to be aware of: Volume has been tepid on this rally, especially lately on up days. 90% of stocks are now above their 50 day moving averages,very overbought. 3 up days in a row... just look at the chart, very overbought. we have rallied 30% from the lows(basis cash). remember long ago i showed that 3 rallies of at least 24-27% are normal in a bear market, at least compared to 2ooo and the 73-74 bears. This is the 3rd one.We are on a closing ticks signal from thurs(1117) and Friday(955).Although the rally from the March low has been a global phenomenom, Friday, Taiwan slammed down 4%(historically one of the stronger indicies). And lastly, there are a lot of interesting fib relationships around this 880-885 zone basis the cash index......GOING TO BE A FUN WEEK!!!!!