Early May Top

Assortment of tidbits which leads me to thinking Early May could be pivotal. 1-2 May 90 days/degrees from 1st feb high for S&P500. 1st May 180 degrees from all time high in Ozzie market on 1st Nov 07. 211 calender days between Mar 07 low and oct 07 high. 211 days forward in time 9th May though if you use trading days I suspect that date would be closer to start of May. Within close proximity to apex of triangle on Dow. Apex on S&P500 nailed the bottom in terms of time. The punters at the bank getting a mortgage on the house to buyy calls. Boy From Oz [attachment=6981:DOW.jpg][attachment=6980:SPX.jpg]

April 25 2008 CNBC SquawkBox Europe

For the past two months I have indicated if this move up was an intermediate term counter trend up in an on going bear campaign the index you go up into this time window and trend down. The trend up since the "false break" low has been weak and that was a requirement for the counter trend scenario to be valid. It is struggling at the "obvious" resistance and that is not a confirmation since that is normal no matter which direction the trend. So the probability still exists but there is no confirmation yet. If the index could move past this time window it would indicate this is not an ongoing bear trend. But the "TIME" is now through the 2^nd of May for the index to resume the bear campaign if the trend is down

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There ye go mate... right out of Byron Bay for ye.... Bill McLaren - McLaren Report Au.

Edited by SemiBizz, 29 April 2008 - 05:36 PM.

Thanks Semi If I was the pope I would annoint Bill Saint Mclaren. Though he is getting on in age he is still pretty sharp. Dan