DJIA (INDX)
super cycle low 7,286.27 on 10/09/02
cycle one to unfold over the next several years in major and smaller waves:
MAJOR 1 8,931.69 11/27/02 bull market kickoff rising 22.8%
MAJOR 2 7,524.06 03/11/03 unusually steep correction in the form of a zigzag
MAJOR 3 10,737.70 02/11/04 extended advance rising 42.7%
MAJOR 4 9,749.49 10/25/04 alternating double zigzag correction
minor 1 10, 854.54 12/28/04 short advance rising 11.3%
minor 2 10,012.36 04/20/05 irregular zigzag with steep correction
minute 1 10,623.07 06/27/05 sloppy advance rising 6.1 %
minute 2 underway another irregular zigzag, minor 3 is definitely subdividing
COMPX
super cycle low 1,114.11 on 10/09/02
cycle one to unfold over the next several years in major and smaller waves:
MAJOR 1 1,487.94 11/27/02 bull market kickoff rising 33.6%
MAJOR 2 1,271.47 03/11/03 normal correction in the form of a zigzag
MAJOR 3 2,153.83 01/26/04 very strong extended advance rising 69.4%
MAJOR 4 1,752.49 08/12/04 moderate alternating flat then zigzag correction
minor 1 2,178.34 12/30/04 nice advance rising 24.3%
minor 2 1,904.18 04/28/05 normal double zigzag correction
minute 1 2,218.15 08/02/05 moderate advance rising 16.5%
minute 2 underway normal correction underway as minor 3 subdivides
