http://www.chartsedg...ages/042708.gif
Cycles for Next Week
Started by
redfoliage2
, Apr 26 2008 03:31 PM
3 replies to this topic
#2
AChartist
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Tim
Posted 26 April 2008 - 06:24 PM
Thats amazing sometimes but also gets completely inverted time to time.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#3
stanley
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Posted 27 April 2008 - 03:26 PM
Thats amazing sometimes but also gets completely inverted time to time.
The 109 trading day cycle since 01/23/2008 (marked a low 1270.05) suppose due on 06/26. Its Fibonacci Time Zone ratio 0.618 is due on 04/28 [ 109 * 0.618 = 67.36 ],(plus/minus ?) The price action near time zone ratio 0.618 may be a good gauge. But, short cycles are time variant, an aggressive probing may invite frustration. The relationship between 109 trading day cycle and 22 week cycle is straightforward, since each year in average has 251 trading days, so (22/52) * 251 = 106 trading days. The recent observed period is 109 trading days.
(chart 04/19)
04/19
04/24 near term
#4
redfoliage2
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Posted 27 April 2008 - 09:11 PM
Since we got enough euphoria last week I believe ChartsEdge cycles will work as it predicted for the week. Don't hold much hope on the Fed rate cut. (just a quarter the most). The world wide sharp rise in inflation also makes the Fed very worried. 
