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To: AllansAlias who wrote (1389)	4/30/2001 7:03:20 PM
From: Perspective	Read Replies (2) \| Respond to of 209892

Re HB cycles: I did just get confirmation from HB that he does his Fib cycle work based on the Dow/SnP. As you are aware, the significant cycle turn dates have varied depending on which index you look at of late. Given the incredible run the Old Eco has had in this pseudo-leading diagonal, I continue to favor the notion that we make one more minor high for this move within the next three days, and this turn should set a multi-week top in place. There is another cycle turn due on the May 15 Fed meeting, but I don't think he claims it is as significant. If my NYA correction launches as expected, then the next turn date could provide the basis for a countertrend rally. I'm still favoring a scenario where we see a multi-week countertrend down here, and I think the FOMC date might turn out to be a good preliminary cover point. If my NYA correction is a flat or zig-zag, that might be the terminus for wave "a" of "B" down. So, don't spend too much effort trying to tie the turn date to the Naz; the dates are generated from the Old Eco indicies, and they dance to different beats these days. Since Naz launched into this corrective up phase after the Dow, I could easily see the end of this upleg coming days or weeks after the corresponding significant high in the Dow. BC