The Big Boys, page-382

I don't want to turn this into the NCM charting thread but I a had a bit of time for another look at the chart. There looks to be a 119 week cycle which gave the midpoint of the high's and the breakdown of the 2008 low multi-pivot support. Hopefully the chart is self explanatory. I like ABCDE patterns, they generally give a violent and tradeable move when they break, if you can recognize it and catch it, otherwise you just watch it and shake your head in frustration when you miss them. The NCM chart seems to like them as well. You can see where the other 119week cycle hits are. I've highlighted them in yellow. Take a look where price is now and tell me what your own analysis says price will do....