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To: Tom Byron who wrote (8034)	10/3/1999 5:53:00 PM
From: Tom Byron	Respond to of 81187

The following is an updated analysis of the weekly S&P 500 chart with slow stochastics that is posted at Aurophile site. See: home.earthlink.net This chart is two weeks old and so now the slow stochastics lines at the bottom of the chart have now crossed and my best estimate is that the blue line is at 25 and the red line at 45, so there is more room to the downside available. Looking back at the prior recent lower lows of the slow stochastics technical indicator I feel that one more lower low is due to put an end to the 9th wave down since July, 1998. One senario I have in mind is as follows: The SPX chart that I have included above goes back only to late 1994. And, as shown, included (4) four cycles of 9 waves up and down. (the last cycle is still awaiting the 9th wave down as mentioned) But I have a longer term cycle chart going back to 1982 of the 9 waves at a higher degree/level. On that chart I have placed a 9 wave patten with the 8th wave ending in late 1994. The weekly chart above shows to me that the final 9th wave of the pattern/cycle going back to 1982 ended TIMEWISE in July, 1998. (that 9th wave is composed of the lst 3 9 wave stochastic cycles shown on Aurophile's website. Since July, 1998, I believe we have now started a new long term 9 waves cycle down. BUT I need a confirmation of this. The confirmation I am look for to convince me that I have placed the long term 9 waves at the proper place, 1982 is that I need a new low in the S&P 500 (that is it need to break last years lows with THIS CURRENT 9th wave down on the slow stochastics chart. I had thought that I would get a new weekly and monthly low by the end of this past September, 1999 but now I have to look to October, 1999 for my new weekly and monthly lows in the S&P 500. And as can be seen on the S&P 500 chart TIMEWISE we are short of time...:) After adding 2 more weeks of data to the chart, I say, it looks as though we only have about 1-2 weeks before we reach the end of the road. (that 1 3/8" road on the S&)P 500 chart. Now I wait (impatiently).. Tom Byron