Thu 3/20/2008 11:48am

not asking much of the spx index today, just that it closes above 1288.15, the close of trading 4 sessions ago. this would complete the requirements to start a 1 count in the sequential sell cycle. a sell cycle is the start of 9 consecutive sessions of closes where each is higher than the close 4 sessions prior. once such a scenario is completed, a price reversal takes place the majority of times.