Good news the tank is almost cycled. I know that sounds almost impossible considering my tank has been setup for less than two weeks.
Well my LFS recommended dosing ammonia and then live bacteria to complete the cycle. Even he was skeptical at first. On 5 Jul I added ammonia chloride and brought up ammonia to 6-8ppm. A few hours later I added 10oz (per instructions) of Fritz Turbo Start 900. By 7 Jul my ammonia had dropped by half to 2-4ppm and my nitrate had jumped to 100ppm. Today 9 Jul, my ammonia is 0ppm and nitrate is between 50 and 100ppm.
Once my nitrate drops i'll need to add fish in order to feed the bacteria that feeds on ammonia. It just so have it I have 12 lyretail anthias arriving tomorrow at my LFS. I'll pick them up from my LFS on Saturday provided all my chemistry is still good.
I'll have to admit it sounds crazy that you can cycle a tank in 5 days, but its true and now i'm a believer. I know there are a few products out there that claim to do the same thing. While some do have the correct bacteria, most do not. There are a few companies out there that actually took the time and are growing the correct strains of bacteria that reside in reef aquariums (and the ocean). From what I've read, the crummy companies are using bacteria strains found in sewage treatment plants.....yuk.
Anyway. Hopefully this weekend i'll have some photos to share of my progress under the tank as well as of the anthias i'm introducing.
More fish to come.....here's my stock wish list as of now. I won't even go into the corals,

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Cheveron Tang
Aussie Harlequin Tusk
Hawaiian Flame Wrasse male and female.