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Strategies & Market Trends : NASDAQ SP DJ OEX INDICES TA ONLY!
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To: Topannuity who wrote ()5/9/2000 9:47:00 AM
From: Topannuity  Read Replies (2) of 93
 
Eliades--
Stockmarket Cycles update for Monday May 8th

Because we're getting no useful information from our Dow Jones industrials
projection charts, our analysis over the short term will continue to focus
on the Nasdaq Composite and the Nasdaq 100 indexes. So far at least, they
continue to follow the
pattern of a potential crash scenario, and although the odds are always
astronomically against predicting an actual crash, as long as the pattern
continues, we will continue to report its progress. Two of the more
important dates now are the 49th
calendar day and the 55th calendar day after the all time high on the
Nasdaq 100. We're showing preference to an analysis on the Nasdaq 100 now
rather than the Nasdaq Composite because the Nasdaq 100 reached a secondary
high exactly 38 calendar days
after its all time high on March 24th. That was the exact pattern
preceding the crashes in both 1929 and 1987. As we noted above, the next
day of importance is the 49th calendar day after the all time high, and
that day will be May 12th. The 49
today represents the Gann death zone, and in both 1929 and 1987, the Dow
Industrials broke convincingly below the lows between the all time highs
and the secondary highs just after the 49th calendar day. That would imply
that a break below the April
14th to April 17th panic lows might occur around or slightly after May
12th. If that should occur, then the market would be on track for a
potential crash in the week ending May 19th, and the crash date would be
focused on May 18th.
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