Long term cycles environment 2-7

Our weekly outlook discusses the medium length cycles.  But what is the longer term environment?  The 41 month cycle is down.  The 2 year cycle is up.  The 1 year cycle is down.  Here is the SPX:

Not shown is the 10 year cycle,  The more dominant cycles (historically) are the 10 year, the 41 month and 2 year cycles.  The 10 year cycle will not bottom until spring of 2012.  The 41 month cycle will bottom in the same time frame as the 10 year cycle.  The 2 year cycle will bottom after the 10 year cycle in 2012,  Supposedly there is a K-wave (about 56 years) cycle that will bottom sometime between 2012-2014. 

So the long term cycle environment is fairly negative and these longer cycles should start exerting more influence as they push toward a bottom.  I would expect that influence to become more pronounced after mid-Oct when the 2 year cycle tops.  Keep in mind - even though a long term cycle may have a large amplitude that influence is spread over many, many  days so the daily influence may be small and more than offset by shorter cycles whose daily influence is spread over a much shorter time (fewer days) and have a larger daily influence.  In the long run though the persistence of the long term cycles will make its effect felt.  That influence becomes most pronounced as the cycles approach a bottom as the shorter cycles become unable to offset the persistent effect of the longer cycles.

GL traders.