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Next projected turn 3/30 +/-.....most recent projected turn (high) of 3/22 occured on Thursday 3/18, two trading days ago. (early points are indication of weakness)
We are entering an area known as the "inversion time window" in Delta speak. A number of things can happen. Points can invert i.e. a projected low becomes a high and vice versa (cycle points flip flop...low points become high points and vice versa) which would hold throughout the next complete cycle. The inversion time window is the only area where this can happen. Volatility increases. The largest moves can occur.
In a message dated 3/22/04 9:50:37 PM Eastern Standard Time, nwinski@xxxxxxxxxxxxx writes:
Delta,
So are you indicating a possible turn circa 3/23 or 3/24? Do you know think it will be a low?
Thanks,
Norman
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