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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (73024)2/28/2001 1:55:27 PM
From: John Madarasz  Read Replies (1) of 436258
 
Heinz...

The cycles have inverted I would think if we close at a new low on the compx by this Friday.

Interesting that the 50 day cycle charts show the lows occurring in the March 5 time frame as being correct only if no new lows occur in the three trading days surrounding Feb 27th,

A new cycle low/reversal would be around March 19th if new lows occur on the COMPX between here and friday.

There is a good 34 day cycle of peaks that projects a market peak for the OTC March 12. This cycle has been dead on back to July 17th.

Eliades is still very bearish on all indexes here.

here's a post from another fellow I follow

if not a scalper....i would not touch a long until we put in a higher low on the daily NDX again......risk of a crash far outweigh the potential rewards of catching a falling knife.......missed opportunity on catching a bottom means nothing....there are opportunities that will are available every day....so if looking / waiting for longs (more than a 10 minute scalp), i would do the above
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