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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.
>
> -----------------------------------------
Attachment Converted: "f:\eudora\attach\HEWITT.gif"
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