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from walterbressert.com
The 4-year cycle in the stock market is due to
top. In the S&P Index, that 4-year cycle top could be occurring now as the
20-week cycle tops at 1245 the week of 7/29. Expect a decline into the 20-week
cycle bottom at the 50% retracement level at 1190. A Friday close below 1190
would indicate that prices could drop to the 78.6% retracement level at 1158. It
would not be unusual for prices to make a 20-week cycle bottom; then move up and
fail to exceed the recent high at 1245. That failure pattern would be a strong
indicator that the 20-week cycle top is in place and the 4-year cycle top is
most likely also in place. The 20-week cycle is most likely to bottom the week
of 8/19 thru 9/16
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