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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (38374)	1/28/2000 1:04:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Mid-term cycle top walterbressert.com found the earlier source for the 10-to-15-week average top Weekly Chart - The weekly chart below shows the most recent bottoms of the 20-week primary cycle, with the most recent low occurring the week of 10/22, 21-weeks from the last primary cycle bottom. The earlier cycle bottoms are indicated by the up arrows with the number of weeks from the previous cycle bottom below the arrow. The 16-week cycle bottom in October 1998 was also the 4-year cycle bottom and the 50-week cycle low. Based on these Timing Bands, the next weekly primary cycle top is due the week of 12/17/99 through the week of 1/28/00. Seasonally, it would be very unusual for the cycle top to occur before January. This is also the time of the year that the weekly cycle often stretches, and higher prices after 1/28 would indicate the primary cycle top is most likely to occur 2/11 through 4/28, reaching 1480 - 1560. The purple bands above and below prices are Keltner Bands that often provide levels of support and resistance. The high Keltner Band is currently at 1525 and will be higher Feb through April. The thick blue line and thinner red line in the price bars is the EMA Trend Indicator. The red line being above the blue line indicates the trend is up. The two EMA lines began to narrow as prices dropped into the 50 and 20-week cycle bottom, and the distance between the two lines should begin to expand as prices rise to the next primary cycle high. The blue and red lines at the bottom of the chart are the Cycle ID, which uses time and price patterns to identify current cycle tops and bottoms. The tops and bottoms of the primary cycle (and sometimes smaller weekly cycles) are identified by the red peaks and valleys. The thicker blue line identifies the tops and bottoms of the 50-week cycle. Both the Cycle ID and the Double Stoc oscillator have confirmed October as the bottom of both the 20 and 50-week cycles, indicating higher prices should be seen into the next 20-week cycle top.