24th May 2002 - Outlook for S&P 500 (See Chart Provided)
The following is based upon analysis of the S&P 500 index. Due to the nature of markets, there are numerous similarities with the DJIA and as such there is no point in duplicating this information and I would encourage readers to look at the other markets and derive their own forecasts on these assumptions.

Long Term Perspective.
When looking at the market from a distance Gann said that we should look at the 30, 20, 15, 10 7, and 5 year cycles. Also of importance is the 180 week cycle.

We are approaching the end of the 15 year (180 months) cycle from the 1987 high which occurred on 25th Aug 1987. The second (lower) high before the crash occurred on 2nd Oct 1987. Information not canvassed here is the Nov Low, although it too should be taken into account.

Looking backwards from August/Oct 2002
The 5 year cycle lining up with Oct Highs in 1997.
The 7 year cycle gives us nothing
The 10 year cycle has a very weak alliance with the Oct 5th 1992 low.
The 15 year cycle lining up with the Aug 1987 high.
The 20 year cycle lines up with the Major low in Aug 1982
and the 30 year cycle has a weak alliance with the insignificant 1972 Aug High and Oct low

Short Term Perspective

Fibonacci Time Zones :
610 days from the Jan 31 2001 High :- 3rd Oct 2002
377 Days from the Sept 21 2001 low : 3rd Oct 2002
233 Days from the 7th Jan 2002 High :- 28th Aug 2002
Time Space Division
24th Mar 2000 - 21st Sept 2001 * 61.8% gives :- 24th Aug 2002
Time Ranges
The most prominent are on the Chart supplied (See Chart)
Squares
The S&P has been in a 153/4 cycle since Mar 2000 (courtesy Bill McLaren)
Placing a Gann Square grid of 153.5 on the Chart, terminating Cycles are visible from the following points:
From 22nd May 2001 forward - 3 Squares terminate 27th Aug 2002
From 31st Jan 2001 forward - 4 Squares terminate 8th Oct 2002
From 21st Dec 2000 forward - 4 Squares terminate 27th Aug 2002
From 1st Sept 2000 forward - 5 Squares terminate 9th Oct 2002
From 17th July 2000 forward - 5 Squares terminate 24th Aug 2002
From 24th Mar 2000 forward - 6 Squares terminate 1st Oct 2002

Other Dates to watch :
21st Sept (360 solar deg from Sept 2001 low)
8th July ( 180 solar degrees from 7th Jan 2002 high )

As can be seen from the above analysis, there is expectation of possible COT around the last week in August and the first 2 weeks in October. Historically, these periods have produced some strong events.