It has sometimes coincided with a market top.
Oct 31 is the FED DECISION.
And I believe airedale has a late October cycle low.
Don't forget this chart from last year:
Edited by Rogerdodger, 14 October 2007 - 11:02 AM.
Posted 14 October 2007 - 10:59 AM
Edited by Rogerdodger, 14 October 2007 - 11:02 AM.
Posted 14 October 2007 - 11:36 AM
Posted 14 October 2007 - 02:26 PM
Posted 14 October 2007 - 07:05 PM
Airedale88 Oct 11th
i had posted some days ago that i felt the nominal 10 wk nest of cycle lows would be benign and my Hurst work plus other work i do suggested no decline of any import would occur in the near future.
we are in the time window for the 10 wk cycle low to bottom and what evidence there is suggests that bottom occurred wed. the breakout today of the small coil/consolidation that shows on the RUT chart and some other indexes is the only indication of any cyclic downside, and that downside was muted by the very strong cyclic uptrend larger than the 10 wk cycle.
we remain very early in the new 4.5 yr cycle up trend with much higher prices coming.