The 10-13 Week Cycle

MORE FROM ZBZ:
Tough to fit it all in and we have to let the market do the talking. Just that 10 and 20 week cycles are bottoming any day now. Bradley model turns up soon; thinks this is just the appetizer b4 the main entree in q1 03

Here is how we get to 865
1: 954.00 - 891.97 (done)
2: 891.97 - 911.00 (done; flat; shallow retrace of .31; ususal minimum is .382)
3: 911.00 - 872.67 (target; 872 is x wave lo on move from 768 to 954; 3=1x.618)
4: 872.67 - 889.53 (target; 890 is biggo fibo incl 890 is 618 from oct lo - aug hi; .44 retrace of 3)
5: 889.53 - 865.84 (target 865; biggo fibo from several perspectives incl 236 fibo from mar hi to oct lo, other fibo too; 5=3*.618; 5=1*.382)

Hunter asked about wave 3. The only EW requirement is that wave 3 cannot be the shortest wave. It can be shorter than 1, but if it is, then 3 must be longer than 5.

More typical is that wave 3 is the extended wave and 5=1. BUT BUT BUT, with such a shallow flat wave 2, think that not enuf pull back for big propelling move down...not yet...

BIG DOWN q1 03...WATCH 750, 800 MARCH PUTS!!! not now but start pricing em...mid Jan with SPX 925
(UNQUOTE)