Reason to be Bullish

Here's the mother of all tidal charts for your perusal. If you plot the dominant cycle of the tides, as I have, you'll see the very strong tendency of the markets to follow these swings. It's hard to argue with this chart.

Oopsy...What Goes Up, Must

come down....using the xover technique indicates a current downside target of 1,050 snp futures seeing that the 1,400 target is now on hold. We'll keep an eye on it. Someday soon I want to get back to the "greening" of my home, but for now I've lightened up about 30% of my stuff....perhaps more if 1,050 is taken out.
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Weekend Update 5-28-10 - Turn at Hand?

It sure has the looks of a turn at the tide bottom date, doesnt it? If so, after a few inverted trends, we would be back on track. Some people thinking we have entered another bear market....most notably I guess is Terry Laundry. I havent been following him for very long, but his technique surely sounds convincing.