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Strategies & Market Trends : Waiting for the big Kahuna
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To: IndexTrader who wrote (47078)4/24/2000 12:37:00 AM
From: Bull RidaH  Read Replies (2) of 94695
 
IT,

Cycles look good on a weekly basis, with a powerful 38 WEEK cycle low due last week. On a short term basis, key cycles I observe had 16, 26 & 36 DAY cycle highs falling on this past Wednesday & Thurs... Plus, a big Bradley Cycle Turn DOWN centered on last Wednesday.

That's why I take the stance that the high from Tues - Thurs of last week must be taken out before safe longs can be established, which would be a play on Daily Cycle & Bradley INVERTED Cycle buy signals. Otherwise, we remain in daily cycle & Bradley sells, with an upcoming 73 day cycle high due in 5 or 6 days, with no cycle lows coming in the meantime. We could meander around in here, and maybe head back down towards Monday's lows for a retest unless we can go ahead and clear last week's highs.

Regards,

David

P.S. The Naz looks great... Above 3754 NDX <g>
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