|
PureBytes Links
Trading Reference Links
|
Both my NYSE and NASDAQ models are on a buy, however the daily NYSE
breadth models are showing some divergences which give me caution.
NASDAQ breadth models look better, however my price work indicates that
the bottom is not yet in. As indicated previously, I remain very
cautious regarding equities due to the interest rate picture. My work
indicates rates are due to turn back up and as Ira points out, inflation
is not going away tomorrow. Also, I trade currencies and I believe we
are getting close to a major top in US$. Overall, I believe a time for
the nimble traders only. Some weeks ago I posted results of a turning
point study I ran on a dozen of the major equity indexes and the week of
June 12 has exceptionally high confluence ... am also seeing this
showing up in other commodities I track. The good news is that the fed
funds futures spreads which I track are now forecasting "only" another
1/2% increase in rates.
Earl
----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <Jpilleafe@xxxxxxx>
Sent: Thursday, June 01, 2000 6:23 PM
Subject: [RT] Near Term Pivot dates...Observations and Questions (from
Jim Pilliod)
> Hello RT'rs,
>
> Here are a few things I notice near term....06-02 (tomorrow) is a New
Moon
> and a Bradley Model pivot date. Also shows as a likely near term
pivot from
> another method. And Tues. 06-06 is also a near term pivot date,...as
is 13
> mkt days from 05-17 which in turn was 12 mkt days from 05-05 short
term high.
> So I am open minded to a turn here tomorrow (down??) into next
Tuesday
> 06-06. Next time frame that looks important is the Full Moon date of
06-16.
> Also happens to be 19 mkt days from 05-19,...key 19-20 mkt day count
off
> 12-31-99,...01-28-00, 02-25-00, 04-24-00, 05-19-00,....now
06-16,...and next
> would be 07-14 which also happens to be a Full Moon. Agian,...New and
Full
> Moon dates have a habit of marking pivot dates.
>
> A couple things I had noted which I wondered if any others had
thoughts on:
>
> 1. At the end of May,...Venus was conjunct Mars. Supposedly this
marks
> longer term turns,...anyone have any thougths?
>
> 2. From my notes,...I noted on 02-28 Ron McEwan posted to RT that
Fourier
> Analysis of NYSE Adv/Dec, frequency of 78 days,...if holds then S&P500
will
> have a change of direction around May 30, 2000. Ron,...does your
analysis
> still stand and do you think the late May time frame marked a "Low".
Thanks
> in advance Ron.
>
> 3. From my notes,...I noted on 02-28 Norm Winski posted that Jupiter
will
> conjunct Saturn on 05-28-200,...cycle occurs every 19 1/2 yrs. and
"May
> looks like it will be huge"...Message #160. Norman,...now that this
> timeframe has come and gone,..what is your interpretation for near or
> intermedatie term market direction.
> Thanks in advance Norman.
>
> Any thoughts or obervations sincerely appreciated. Best Regards to
all.
>
> Jim Pilliod jpilleafe@xxxxxxx
>
>
>
|