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To: John Madarasz who wrote (65116)	2/2/2003 2:55:57 PM
From: NOW	Respond to of 209892

excellent post John!

To: John Madarasz who wrote (65116)	2/2/2003 9:01:35 PM
From: bcrafty	Respond to of 209892

Thanks John, very nice post I particularly liked your observation about the necklines on the weekly charts passing through important resistance levels during that time period. Just so my post was not misunderstood, though, I didn't say "it was not an important time." The post from ormsby asked about the specific date of 3/18 being a date for an important turn, and I replied that, no matter which way we looked at it, 11/7 was not a specific date for the turn and thus 3/18 as a specific date should be taken with a grain of salt, and perhaps given some leeway. Although the date in 10/87 turned out to be an inversion to the exact date, and although as mentioned in your Sandspring article that the cycle called the '89 Nikkei high to the week, one should not be IMHO taking such a long cycle and looking for specific dates to determine precise calls. As you mention that you think the "the 11/08/02 turn was an inversion period" you may very well be correct, but nevertheless it was not for that specific date, which what I was trying to tell ormsby. Just so you know how I played that date, I went 80% short on the afternoon of 11/6 partly on the Armstrong cycle date lining up with other indicators and patterns I saw, but unfortunately I was blown out of my positions 2-3 weeks later as we got the ramp into 12/1.