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[RT] GEN: MKET: May CIT for the DJIA


  • To: <realtraders@xxxxxxxxxxxxxxx>
  • Subject: [RT] GEN: MKET: May CIT for the DJIA
  • From: Rory Lewellen <rl2946@xxxxxxxxx>
  • Date: Mon, 24 Apr 2000 18:24:58 -0700
  • In-reply-to: <MDAEMON2410241200004241430.AA3012022@xxxxxxxxxxxxxxx>

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     Pete, and RealTraders,

  Have attached a study of specific time
  elements bunching into early May for
  the Dow Jones Industrial Average.
  The work was executed by Sam Hewitt,
  a professional technician who 
  generously authorized redistribution
  to the appropriate audience.
  The TCR, a term which belongs to
  Robert Miner, stands for a Time
  Cycle Ratio.  I believe these swing
  structures in time for the DJIA is
  reflected in the NP CIT for the SP.

  Sad to say, can't project whether a
  top, bottom, or even possibly an
  acceleration point forms in early May
  pursuant to this correlation.
  Still, worth watching, I think.

  If the Sacred Ratios as depicted in
  the graph are of interest, I would
  recommend Bryce Gilmore's DTPAMT.

  http://www.bryce-gilmore.com/
  
   Good Trading,

   Rory Lewellen  


> 
> I'm getting a very strong Energy Point hits in the SP-500 (cash) for the
> period around May 7 (Sunday). I'm attaching a GIF file to demonstrate what
> the long-term chart looks like. As you can see I've taken the chart back to
> the Fall of 1987 to show correlation to that period. I'm sorry the chart is
> so cluttered.  I put all the fibonacci time zones on one chart, rather than
> sending out many charts with single time zones.  It should be noted that on
> a shorter time frame I'm getting hits for as early as May 3 and as late as
> May 11.
> 
> I wonder if any other RealTrader has gotten similar CIT's for early May.
> 
> Pete
> 
>     
> Attached is another NP chart, demonstrating what appears to be
> a big Energy Point (EP) for the first or second week in May.
> 
>     -----------------------------------------
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