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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (53475)	9/17/2002 8:39:15 AM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

fwiw there is a time cycle that has been pretty effective that is targetting the 16-17 time this month as a rally high...then sideways chop into O/E. After that the call is for some pretty signifigant down into eom, early Oct. Again, this is all fwiw, and no buy/sell rec. INDU, SPX, COMPX, R2K, NYA ALL look indentical, and ALL are bouncing off their respective N/L's that formed off the late July lows on the daily charts. It's like looking at the same chart 5 times...forget bifurcated mkt. I think this bounce will be a short covering fake out, and a great selling opportunity... at least in weak individual equities, in overextended sectors. pick your spots...bulls or bears