2 replies to this topic

[Rogerdodger]

Sentiment. One day away from a rally? Maybe. Maybe not.
Tonight looks exactly like Friday, March 2nd at Sentimentrader.com.
Same exact readings.
The bottom was not until the next Monday, March 5th.
We then got a 5 day rally followed by a 2 day retest which made a lower low and a spike reversal.

However it also matches May 15th, 2006 which saw a one day bounce but was only 1/2 way to the bottom!

We need to see the shadow of the Hindenberg.

(It's been good to sell the 1st Quarter moon.)

Let's hear it for Airedale88!

Jul 15 2007, 05:09 PM

It now looks like Airedale's call for the 4.5 to bottom in late july is not going to happen.

I wouldn't count that out, but a bottom from what level?

Edited by Rogerdodger, 24 July 2007 - 06:57 PM.

[Russ]

Roger, since you are quoting me I also told Teaparty that the big 300 point move up on the dow had created a gap that was likely to be tested. Only if this move takes out the June low would I consider that the 4.5 year cycle low for late July is correct. da_cheif had stated that he thought June was the 4.5 year low if memory serves correctly.

[Rogerdodger]

What is the definition of a cycle low?
I haven't studied Hurst stuff.
But we are getting a late July sell as many have been looking for.
In fact, it looks more like a 4 year cycle high, but who knows?
Terry Laundry uses the 55ma to indicate we are still in a bullish "T" until late fall.

Peter Eliades today was warning about the 7 year low coming.
It's always something.
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&st=1999-02-24&i=p84247077588&a=42930244&r=5453.png

Edited by Rogerdodger, 24 July 2007 - 11:03 PM.