The day of 17th July 1996 when the SPI reversed trend on the 50% retracement of all the gains made between 1994 and 1996 there were several important time cycles peaking. I have shown 2, the time between the major lows in 1991 and 1992 was cycling 2.00 times and the time between the 1992 low and the 1994 high was cycling 2.00. It is quite amazing how the market continues to vibrate between highs and lows in a pure geometric form. Most people do not realise how easy it is to identify time cycles in advance.