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To: Shack who wrote (70138)	4/1/2003 3:37:51 PM
From: GrillSgt	Read Replies (1) \| Respond to of 209892

To be fair, this needs to be held up here into the close. Actually, A down cycle does have a first top within day 1-3. By definition it only becomes a down cycle when the last cycle close is breached...not cycle low. Therefore with today being day 1 (slipping as we speak), we do not want to see a close below 1340 on naz and 848 on sp. Any close below those levels will start a new down cycle. We usually see the first top come within day 1-3 then days 4-6 will produce that close below the last cycle close. We may get them up near the highs near the close. After thus upciming cycle.....there will be NO sell in May..go away this year. We'll see how it plays out regarding time but I suspect I'll be 100% long for the festivities <gg>