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To: kimberley who wrote (8416)3/17/1998 3:29:00 PM
From: Tom Byron  Read Replies (1) | Respond to of 116796
 
kim: don't know if 3 is lower than 1. Have not been using this 10 weeks chart and cycle as long as I have been using the 38 weeks cycle.

BUT notice on the prior 10 weeks cycle that AFTER the peak about 6-Jan, we had a strong 1 down from the top which ended up being that January 12th low BUT an EVEN STRONGER "2" UP within that 1-2-3 down. dah... he said. :)

That 2 up ended up around 79 which MIGHT turn out to be the signal that the bear market was broken. It is THIS 79 that I am looking for to be broken on the UP side to get the bull moving. But the XAU is really testing my patient on that. We really need to break 79 to get this show on the road. If 68 is broken???... I would rather not think of that.:(((