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Hello All,
In my work,...IMPORTANT TURN DATE 05-19 is 19 market days from key low 04-24.
Since 12-31-99, a key turn has occured every 19-20 mkt days: 12-31-99 + 19
mkt days = 01-28 + 19 mkt days = 02-25 + 20 mkt days = 04-24 (Key Low) + 19
mkt days = 05-19. I am confident this is a valid count,...as projecting
forward,...from 05-19 + 19 mkt days indicates 06-16 Full Moon, and 19 mkt
days from there is Fri. 07-14. Again 07-16 is Full Moon, as well as a Lunar
Eclipse. A myriad of methods indicate 07-14 as a KEY PIVOT. Again,..the
fact that this 19-20 mkt day count "hits" on 07-14 validates it as a cycle
count, here at this time. Getting back to current 05-19 pivot date,...other
methods pointing to 05-19 date include: Parallax Long-Scale Dow turn #3 of 6
dates for 2000....and friend Pete Bresnahan has 05-17 to 19 as a Harmonic
Energy extreme.
Just knowing that a pivot is due, does not suggest the direction of the move.
However, I am very encouraged by the most recent Concensus Survey on 19%
Bulls Stocks. After reading only 21% last week....the Consensus Weekly
Survey came in at at 19% Bulls on Stocks this week, and the 19% reading is
the lowest survey reading since 04-94,...(except for 19 on 08-14-98 and 17 on
08-28-98). Firmly "under-believed", such pessimism is "bullish" from a
contrary perspective. Consensus % Bulls on Bonds only 23%,...is similarly
constructive. Consensus Survey of futures traders is a more "immediate" or
intermediate term indicator,...good for next 2-6 weeks,..etc. The Investor's
intelligence weekly survey of Investment Advisors is a longer term
tool,...and at 49.1% Bulls and 33.6% Bears suggests market has downside risk
longer term. In my mind the Consensus Weekly survey is most timely.
Anyone else have any thoughts or expectations for 05-19 to 05-22 as a Turn
Point
in their work,....based on astro,..etc. Would be appreciative of any
thoughts.
Best Regards, JIM Pilliod jpilleafe@xxxxxxx
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