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Strategies & Market Trends : News Links and Chart Links

SPXL 194.65

-4.6%

Nov 20 4:00 PM EST

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To: HairBall who wrote (394)	6/21/2001 10:40:09 AM
From: Les H	Read Replies (1) of 29597

I use both the trading bands and the SK-SD oscillator in conjunction with the ten-week cycle. I think I changed it to potential low after last week's ten-week cycle date since the oscillators are still moving down toward their lows. (I posted a note at that time that the low may be a week or later in coming since the indicators I was using to confirm were still moving south.) The relative position in the trading bands are more neutral than they are bullish (towards the low end). If one were to use the Bollinger Bands, then it could also be argued that the market is waiting for the upper bands to catch up, as they've recently turned down, to exert downward pressure. Second chart below should have the fibonacci time zones. geocities.com That the S&P 500 is tending to stay positive despite negatives in the Dow and the Nasdaq is similar to the April-to-early May decline and may indicate once June draws nearer to the end, a short-term rally will ensue. Thanks for your question. If you have any suggestions on additional timing cycle confirmations, please feel welcome to add your ideas.

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