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As I read this, it occurred to me that about 95% of the population would
find what you have said to be as "greek" to them as if you had
written it in ancient celtic. :)) What a life we all
lead.
Bob
At 07:36 PM 5/15/2005 -0400, you wrote:
From a Delta perspective (my
interpretation), I'm looking for this week, or the first half or so, to
have an upward bias against a back drop (pressure) of downward pointing
larger cycles on multiple time frames.
MACD compared to Stoch's also points to a potential upward bias this
week...once again, with a backdrop of downward pointing cycles.
If we have not made the pending longish term low on 4/20 (1 day off
projection) @ 1136.8 (I think unlikely), the next most likely spot would
be around 6/10. Of course 1136.8 would need to be taken out to invalidate
the previous low point.
Long and medium term cycles are fighting each other (out of phase...one
making high the other trying to make low) and that is why the long term
low would be expected to come in with the medium term low directly before
or after the actual long term low point date of 5/21. There is a medium
term cycle high with approx. the same date of the longer term cycle low,
and that is why the most likely spot for the low to occur (if it has not
already) would be at the next medium term low projected around
6/10.
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