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Hello to All,..
Wedn 04-19 is day # 3 into the NASDAQ recovery (with dead cat bounces
typically lasting 2 to 4 mkt days),..right into a logical area of thick
resistance
on the chart. Also 04-19 stands out as a logical enrgy point (pivot) date
being 64 mkt days from 01-19-00,.. which in turn was 64 mkt days from
10-18-99,..was 64 mkt days from 07-19-00,..etc. So in a window where
a turn of importance appears l logical...and 04-18 was a Full Moon. Other
(dissimilar ) methods also point to this 04-19 to 04-21 time frame as marking
an important tunring point. For instance 04-20 is 19 mkt days from 03-24
turn date,..and Ned Markson has previously pointed out that Uranus and Mars
are
conjunct (?) on 04-19. And Peter Laird's site....
FIBO TIME or...
http://home.golden.net/~laird/TimeSPX.htm
shows 04-18 as a pivot date for NASDAQ and 04-20 as a pivot date for the
S&P500. So as usual,...different methods pointing to common time frame, etc.
Would appreciate the thoughts of others (i.e. Earl,..Ben,..Norman, Bob,
Steve, Ned)
for what to expect here. Key question in my mind is whether NASDAQ has
completed key low now moving higher,..or if past 3 day counter trend rally is
likely to be repelled with lower prices,.etc. ahead. Overseas markets are
barely budging despite the recovery in NASDAQ,...usually a sign that
momentum in NASDAQ is overdone. Also,..the Put/Call ratio moderated
from firm levels on Friday,..a sign that complacency has returned with the
advance in NASDAQ. Any thoughts on near term expectations much
appreciated.
Regards, JIM Pilliod jpilleafe@xxxxxxx
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