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[blustar]

The confusion amongst the indicators and cycles continues. The SKEW Index made another all time new high on OPEX and the last 2 times we did that, three weeks later a marked a top: that is Jan 15 and Apr 4. This places THE potential top on July 11. The 20 wk cycle low is overdue and normally runs 100 TD's +/- 15 to 16% and is due around July OPEX at latest. There is a major Bradley turn due around July 16. The market is right hand translating, which is bullish. Momentum and money flow are waning, showing increasing weakness ahead. The A/D line and OBV continue to say: higher prices ahead. In the short term, I believe we have some more weakness coming and a move to 1933/34 by Wed this week would not surprise me and then perhaps 1988 by July 11 to give us the final coup de grace on all cylinders for a more important top leading to a 4-6% range drop from July 11-18. Overall, I see no reason for this market not to rally higher into August out of the expected July 18 low. August to Sept/Oct is likely to see a more important drop, probably the largest of the year. And the beat goes on.... There is a 4 TD top due today, so I would not be surprised to see higher prices today and then the market turning down into Wed. MY SIGNAL: Sell rallies for now, get ready to go long for one more rally to new highs -- Good Trading! blu