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In a message dated 5/6/04 9:30:54 PM Eastern Daylight Time, nwinski@xxxxxxxxxxxxx writes:
Howdy Delta,
My stock market sentiment indicator moved into the buy zone tonight, indicating the market should be at a low within 1-2 days. There is one short term cycle activating tomorrow which usually triggers a 1-2% correction over 1-2 days. My cycles analysis indicated a flat and choppy week for this past week and up next week leading to a May 17-18 peak. So, there should be a low by Monday's opening and then perhaps about up about 5% into mid May. Watch also for a possible peak in crude oil prices circa May 17.
Regards,
Norman
I certainly would not want to bet against you Norm, but I would have to totally invert my highs and lows to make that scenario fit. Then the points instead of looking pretty well on time, would be rather early and rather late. This would not be the first time however where the "ugly fit" in the beginning of a cycle turned out to be the proper one.
We seem to both have our time frames synchronized, but we're on opposite sides of the cycles.
As stated above, If you're right, this is just one of those scenarios where the "prettiest fit" does not necessarily wind up being the proper one. If that's the case, and we are up for the next week as opposed to down, I'll certainly be assured at that point what the proper rotation is for the remainder of this cycle.
Thanks
Lee
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