To: Les H who wrote (2167 ) 7/6/2002 4:27:06 PM From: Les H Read Replies (2) | Respond to of 29596 9-month cycle Alternate 1: 10-, 20-, and 40-week cycles fixed with base at Sep 21 low cycle tendencies 10-week 20-week 40-week SPX change high low range Sep 21 start start start 965 none Oct 16 green green green 1097 +132 1101 +136 N.A. N.A. Nov 7 yellow green green 1115 + 18 1126 + 29 1052 - 42 74 Nov 30 red yellow green 1139 + 24 1163 + 48 1054 - 61 109 Dec 26 green yellow green 1149 + 10 1173 + 34 1114 - 25 59 Jan 16 yellow red yellow 1127 - 22 1177 + 28 1127 - 22 50 Feb 8 red red yellow 1096 - 31 1139 + 12 1078 - 49 61 Mar 5 green green yellow 1146 + 50 1157 + 61 1074 - 22 83 Mar 28 yellow green yellow 1147 + 1 1173 + 27 1131 - 15 42 Apr 19 red yellow red 1125 - 22 1148 + 1 1099 - 48 49 May 14 green yellow red 1096 - 29 1125 NC 1049 - 76 76 Jun 6 yellow red red 1029 - 67 1106 + 10 1027 - 69 79 Jun 28 red red red 990 - 39 1033 + 4 953 - 76 80 Jul 23 green green green 989 - 1 994 + 4 935 - 65 59 Aug 14 yellow green green Sep 6 red yellow green Oct 1 green yellow green Oct 24 yellow red yellow Nov 15 red red yellow Dec 10 green green yellow Jan 2 yellow green yellow Jan 24 red yellow red Feb 18 green yellow red Mar 13 yellow red red Apr 4 red red red Alternate 2: 10-, 20-, and 40-week cycles lows at Sep 21 and Jul 3 cycle tendencies 10-week 20-week 40-week SPX change high low range Sep 21 start start start 965 none Oct 16 green green green 1097 +132 1101 +136 N.A. N.A. Nov 7 yellow green green 1115 + 18 1126 + 29 1052 - 42 74 Nov 30 red yellow green 1139 + 24 1163 + 48 1054 - 61 109 Dec 26 green yellow green 1149 + 10 1173 + 34 1114 - 25 59 Jan 16 yellow red yellow 1127 - 22 1177 + 28 1127 - 22 50 Feb 8 red red yellow 1096 - 31 1139 + 12 1078 - 49 61 Mar 5 green green yellow 1146 + 50 1157 + 61 1074 - 22 83 Mar 28 yellow green yellow 1147 + 1 1173 + 27 1131 - 15 42 Apr 19 red yellow red 1125 - 22 1148 + 1 1099 - 48 49 May 14 green yellow red 1096 - 29 1125 NC 1049 - 76 76 Jun 6 yellow red red 1029 - 67 1106 + 10 1027 - 69 79 Jun 28 red red red 990 - 39 1033 + 4 953 - 76 80 Jul 3 red red red 954 - 36 994 + 4 935 - 65 59 Jul 26 green green green 989 + 35 989 + 35 954 NC 35 Aug 20 yellow green green Sep 11 red yellow green Oct 4 green yellow green Oct 29 yellow red yellow Nov 20 red red yellow Dec 13 green green yellow Jan 7 yellow green yellow Jan 29 red yellow red Feb 21 green yellow red Mar 18 yellow red red Apr 9 red red red Alternate 3: 10-, 20-, and 40-week cycles lows at Sep 21 and Jul 26 Schedule based on a tentative low in late July whereby the periods/phases align more closely with historical seasonal tendencies. The seasonal tendencies are: (a) a rally into the first part of September; (b) weakness after mid-September tax date (Sep 15) and into earnings warnings for Q3; (c) a rally during Q3 reports, end of October tax-loss selling, and strength into mid-November; (d) tax loss-selling into mid-December, and the 6-month top by late January; and (e) nine-month cycle bottom by late April. cycle tendencies 10-week 20-week 40-week SPX change high low range Sep 21 start start start 965 none Oct 16 green green green 1097 +132 1101 +136 N.A. N.A. Nov 7 yellow green green 1115 + 18 1126 + 29 1052 - 42 74 Nov 30 red yellow green 1139 + 24 1163 + 48 1054 - 61 109 Dec 26 green yellow green 1149 + 10 1173 + 34 1114 - 25 59 Jan 16 yellow red yellow 1127 - 22 1177 + 28 1127 - 22 50 Feb 8 red red yellow 1096 - 31 1139 + 12 1078 - 49 61 Mar 5 green green yellow 1146 + 50 1157 + 61 1074 - 22 83 Mar 28 yellow green yellow 1147 + 1 1173 + 27 1131 - 15 42 Apr 19 red yellow red 1125 - 22 1148 + 1 1099 - 48 49 May 14 green yellow red 1096 - 29 1125 NC 1049 - 76 76 Jun 6 yellow red red 1029 - 67 1106 + 10 1027 - 69 79 Jun 28 red red red 990 - 39 1033 + 4 953 - 76 80 Jul 26 --- --- --- 989 - 1 994 + 4 935 - 65 59 Aug 20 green green green Sep 12 yellow green green Oct 4 red yellow green Oct 29 green yellow green Nov 21 yellow red yellow Dec 13 red red yellow Jan 7 green green yellow Jan 30 yellow green yellow Feb 21 red yellow red Mar 18 green yellow red Apr 15 yellow red red May 2 red red red 22-week cycle Sep 21 SPX trough 944 Dec 7 midpoint SPX crest 1167 Feb 22 SPX trough 1074 May 10 midpoint SPX crest 1055 Jul 26 SPX trough Oct 11 midpoint SPX crest Dec 27 SPX trough 26-week Dow cycle troughs Oct 9, 98 Dow 7379 Apr 9, 99 Dow 9826 length 26 weeks Oct 22, 99 Dow 9884 length 28 weeks Mar 10, 00 Dow 9611 length 20 weeks Oct 20, 00 Dow 9571 length 32 weeks Mar 23, 01 Dow 9106 length 22 weeks Sep 21, 01 Dow 8062 length 26 weeks Feb 8, 02 Dow 9580 length 20 weeks sample size 7 total 176 weeks average 25 weeks st dev 2 weeks next approximate Dow trough Jun 28, 02 20 weeks minimum length in sample Aug 2, 02 25 weeks average length in sample