By L3_Aka_L3 on Thursday, March 08, 2001 - 12:11 am: Edit
Just a post showing what many are forecasting or seeing...
From: John Madarasz Wednesday, Mar 7, 2001 8:38 PM
Respond to of 3409
Hahn has a chart with 10-20-30 week cycles all due this week, plus a 34 day due 12th. Check it out.
Plus I have a nine week cycle low due this week, FWTW.
There is also a 50 day cycle that projected a low around the 5th. It has been invalidated due to a new low set in that time frame and now projects to the 19th or so. The compx would need to break above the downtrending resistance (at 2500 ) by the 19th to make the most recent bottom a valid one... important support at 2150-2000.
The 50 day cycle has been very good at predicting interim lows, back to june of 2000, but is usually followed by a re-test...and it's always been a higher low each time.
Heinz is targeting the 14th, and feels that if no capitulation type event occurs by then, a better case will be for a stronger move up, sans major down draft, into early april. Then a strong down draft. He has been keenly aware...a pleasure to watch.
Also, As of Feb 22, Pete Eliades has a nominal 10 week projection for the comp at 2022.60. If it reaches this target, he will reveal "something completely unprecidented in our experience"... but not until it does-g-
I hope it makes it just so he gives it up-gg-
FWIW I think it will.
Good Trading,
JM
Message 15465038 |
