Lee, that's always the tricky part! <g>
I have observed, and it gets me in trouble every time -
when important #'s are due out, and I'm chicken to get, and Donald has a class buy signal - I wait, cause I'm scared. I'll be damned if the TA rules over the numbers.
Has happened to me 3 times this year and I missed 30+ point run-ups in the S&P. Including today!
Every time!!!!!!
TA rules!
Now, think about it. If Donald is already getting sell signals, that would be in line with cycle low on/around the 9th. Weakness on 7th (next Tuesday) in line with Donald's 3-day pattern. Depending on how market closes today (follow trend lines). Selling off on 8th in anticipation of CPI, PPI. OK.
Ummmm. Let me study this calendar.
OK. Down on 9th, 10th - uh-oh. New Moon on the 9th!
Boy, that Chuckie is good!!!!!!!! <g>
Well, I think this is the last run-up before we start heading down, my friends.
Dennis, could you check with Chuck today, before the week-end? His first call (if I remember) was a cycle high on the 14th. Then, he said if the djia crossed 1313 (?), all bets were off. And, of course, we did. So, now, I think that 14th high has been negated.
They might try to rally that week, but would be weak.
Don's stair-step down.
P&F BPNYSE still in 0's.
1 short-term leading indicator turned down yesterday.
Personally, I think this was the last best day for the major indices until late October.
Just my gut feel. |
