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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Wildstar who wrote (52252)	6/20/2001 8:41:51 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I'm looking at the most recent cycle, e.g., the '98 lows to the lows made just three months ago... these cycles don't work like trains on a rigid schedule, they can be a few months longer or shorter depending on the strength or weakness of the markets at the time... a bullish market will have a lengthier up leg and a briefer down leg, a bearish pattern will produce an earlier peak with a more extended down trend going into the cycle trough... considering the time frame and the monthly chart pattern, I believe we've just seen the cycle low three months ago and this low should not be violated..... Here's what I'm looking at: A simple support line between the '94 and the '98 lows.. this line cuts off the lows made this year, but we closed above it and rallied from that line, this lends credence to the likelihood we've seen the 39 month cycle low already..... charts.barchart.com GZ