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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (5957)5/9/1999 6:13:00 PM
From: Tom Byron  Read Replies (2) of 81130
 
ok. now the russell twoee..like the xau, the russell 2000 is closing in on the end of its current 38 weeks cycle AND also the end of its 114 weeks cycle...price wise it seem that end is about 3-4 weeks away and TIMEWISE the bottoming could be about 8 weeks away...that would put the bottoming in july...am sticking with my previous statement that the russell 2000 topped ot in 4/98....it is very close to beginning a 9th wave down from that april, 1998 top...and since that 9th wave down will commence at the same time as the ending of it's 38 and 114 week's cycles, the downward pressure will be very strong...i say that by the time it bottoms, it will break it's previous weekly closing lows of 315 (last fall)..the s&p 500 will be shortly entering it's 9th wave from the july 20, 1998 highs....don't know at this time, if it will break those last oct low...stay tuned...yours in doom and gloom, guree tom...:(
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