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[RT] Fw: [TimeandCycles] It's early yet,



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----- Original Message -----
Sent: Wednesday, April 30, 2008 12:53 PM
Subject: Re: [TimeandCycles] It's early yet,

Here is why i am still very bearish
look at this very BAD  divergence
Ben

----- Original Message -----
From: james pilliod
Date: Wednesday, April 30, 2008 11:49 am
Subject: Re: [TimeandCycles] It's early yet,
To: TimeandCycles@yahoogroups.com

> Seasonally, 04-30 and first two trading days of May are very strong,
> with a 68-70% probability of market rising. Past two weeks
> pattern is one of higher lows, and higher highs,....NYSE new
> lows well behaved. Also, breaking above key resistance 1395
> SP500, approaching down trend line 1406, etc.,.. shorts have
> their stops just above, if triggered, a quick move to 1420 (melt
> up) would not be surprising. 3 week cycle,...last bottomed 04-
> 14, now 12 days later, in window for logical LOW. Yesterday
> held uptrend near 1490 on closing basis. Also breaking above
> neckline of inverted H&S pattern, very bullish. I am
> constructive even if there is a negative post FOMC reaction, as
> we are likely within days of getting through this important
> resistance level. Color me bullish.
>
> Jim
>
>
> EDWARD MOYER wrote:
> but Ben's system forecast for today is looking
> promising. I think we are setting up for a nice short.
>
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>
>
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