Bearshark,
>>>> As you know, much of what I do is based on the thoughts of Edson Gould. The 20 days are actually 20 trading days. That is the time I believe that it will take for the energy stored in the market to dissipate. <<<<
Per my short-term cycle analysis, I have 2 short-term tops, one to arrive MAY 5-6, and the other around Memorial Day, 18-19 trading days
from now. The MEMORIAL DAY top appears to be in line with your 20 day
period. In my most recent INDEX UPDATE, I also mentioned that it does not require alot of money to keep the DOW moving up which could also be in line with the 20 days for the energy in the market to dissapate.
On the other hand, when we average the DOW,SPX,NAZ, they have actually been going sideways since about APRIL 13 (15 trading days).
I realise that the since mid-APRIL the DOW is up 600 points but the NAZ is down about 100 NAZ point(about 420 DOW points(4.2:1 ratio), and the SPX is down slight about 15 points(120 DOW points 8:1 ratio).
So, could the 20 day period be up sooner than 20 days from now, or are you firm that it would occur closer to Memorial Day?
seeya |
