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Hi Bill,
Indeed we will... it'll be interesting, as always, to watch. I've noticed a lot of timer "gurus" looking at the first week or two of April for a top of some significance. Some are calling it the top, while others look for it to be an intermediate top. Either way, irrelevant of these guys tracks records (usually mediocre at best), I find it interesting that there's a confluence of forecasts surrounding that time window.... the last time I remember such a confluence of "forecasts" was last July. Some of my own stuff has april as a pivot month... but this technique does not give you the direction.... just that a turn of some sort is likely. So it could just as easily be the BK you're waiting for... now, followed by a pivot low in april... I dunno. For 99, it lists months 1, 4, and 9 as pivots. For 98, it listed months, 1, 4, and 7 as pivots. This isn't exactly an indicator to trade off of, as it's not very specific. Nonetheless, I try to keep it in the back of my mind. Talk to you later, take care
Best Regards,
Frank |
