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To: Lucretius who wrote (232714)4/1/2003 2:25:01 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
>>A break of 8050 up will confirm rally. Any move back below 7900 today is bearish and could bring a stop down to 7860. I do not look for this to happen. Look for a bounce near 7925 area for a rally to start. <<



To: Lucretius who wrote (232714)4/1/2003 2:58:13 PM
From: GrillSgt  Read Replies (2) | Respond to of 436258
 
I can tell you this for certain. Barring a crazy late day sell off, it appears today will be day 1 of the new cycle. Therefore if down cycle then we should hit a high either tomorrow or thursday. Down cycle tops appear in day 1-3.

My guess is you just seen your tops on the indices. Downtown is your answer imo.

For a Down cycle lasting 13 days, expect the first half low to be about day 6 or 7 and the second half low on the last day, day 13. From day 6 on, look for a small rally with ~2 of the next 3 days up, and then a decline to end the cycle on the last 3 days. It is the last days that offer the edge.