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Looks to me like a base in issue and volume has been built that is
supportive of a rally over the next two weeks.
BobR
At 06:44 PM 7/25/97 -0700, Rich R. wrote:
>Greetings Kevin and other fellow RT'ers!
>
>Allow me my usual disclaimer to the SnP market: I DON'T TRADE NOR FOLLOW
>THE STANDARDLY POOR MARKET. Thanks.
>
>As for the cycle work I did back sometime ago (I did?), it must have
>been prompted by some post or request that made me even look at the
>beast. I have a tendency to analyze and then forget about it if it isn't
>part of my normal day to day affair. I wish I can to this but...wait! I
>think there is something that I can add to this. :)
>
>I TRULY hope that come the end of this month, you all profit greatly by
>some action in the SnP. Yet, for one thing, 7/28, 29, 30 is quite a
>window to trade the Snp market by. Why? For one, a margin of one day
>must be alloted for skewing due to unknown reasons. Therefore, you end
>up with 7/25,28,29,30,31! Yikes! The whole bloody week.
>
>Another factor that we all must consider is that two cycles that come
>together do not necessarily make a SUPERCYCLE. When two cycles hit the
>same day, they may be 0 degrees in phase or 180 out of phase. The cycle
>with the biggest muscles wins and you get MINIBLIP in the direction of
>the stronger one. This is due to their 'cancelling' each other. If you
>know the PHASE of these two cycles, rather than the 'day count', you can
>discern this. Otherwise, it is a toss of the coin, 50/50. We already
>know that the two cycles will not be anything else but 0 or 180 degrees
>from each other because otherwise they would land on different days.
>
>Now, I'm going to throw an interesting bone in the mix.
>
>I wrote a program a few months back, no its not the FDATES program, and
>the name will remain anonymous. Anyway, I pulled down the market menu,
>and selected S&P500 near the bottom of the list (kind of how I
>prioritized them I gather. :). When I selected it, guess what it told
>me?
>
>7/29/97 is a cycle day. I usually include these with the Fdates Report
>for extra midnight reading but they serve an interesting purpose.
>
>The program usually assists in determining whether we will have a TOP or
>a BOTTOM at times. Now, here is what it says. On this cycle day, we are
>to expect a BOTTOM. It was correct the last two times so it might be
>correct again, who knows. <g>
>
>Please understand what a bottom is. Don't take this wrong, I know you
>all know, but let's clarify with this .... program. The market can go up
>up up and then go down one day below the previous day or so or many
>previous days. It just must be a lower low and high. I hate that as well
>as you, but wanted to warn you. However, it is usually pretty good. If
>it was any better, I'd throw out Fdates. :)
>
>This is food for thought. I am presenting the pros and cons. If your
>cycles are in phase, you should get a nice bottom formed. If they are
>not, you get a blip on the screen. I now leave this subject in your
>hands. Either way, it appears as a day to go long if it is truly a
>bottom.
>
>cheers!
>:)
>rick
>
>
>
>
>
>
>
>Kevin McGrath wrote:
>>
>> ----------
>> From: Kevin McGrath[SMTP:kevinm@xxxxxxxxxxxx]
>> Sent: Thursday, June 26, 1997 1:58 PM
>> To: RealTraders Discussion Group
>> Subject: Cross-Method EP
>>
>> A long time ago, Rick Ratchford posted a theory that the SP-500 was working
>> on static cycles of 14 and 24 trading day durations. The original date
in his post as the start point for these cycles was 11/26/96. By my own
Nature's Pulse method (which almost always is different fron Eddie's) has
an EP for the
>> 07/30/97 area. Nature's Pulse Newsletter has 07/28/97 as an EP. The first
>> intersection of Rick's 2 cycles since 11/26/97 is 07/29/97.
>> I like it when different methods come to a somewhat common conclusion.
>> Let's look for a money making opportunity at the end of July.
>>
>> I also like the post July 4th area (07/07, 07/08,07/09) as producing a
opportunity to trade 'em up.
>>
>> That was a long post for me. I better get back in the woods now.
>>
>> Kevin
>>
>> Rick - Here was the original post. You must have missed it because
you're one of the three people I mentioned! For me personally, I have time
areas for both equity and bond markets.
>>
>> Kevin
>
>--
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