----- 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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