Bull Market Corredtions

I have also heard that Stan Hartley has a cycle which he puts a lot of confidence in that is a 54 TD (trading day) cycle in the NASDAQ. This would point to the end of the second week of April.

On a longer-term outlook, the 78.5 WEEK CYCLE ( 378 TD ) which identified important market lows in the SPX at:

October 27th, 1995
October 14th, 1997
October 08th, 1998

March 24th, 2000 (high)
September 21st, 2001
March 12th, 2003

Is due in September of 2004.
 
Quote from waggie945:

I have also heard that Stan Hartley has a cycle which he puts a lot of confidence in that is a 54 TD (trading day) cycle in the NASDAQ. This would point to the end of the second week of April.

On a longer-term outlook, the 78.5 WEEK CYCLE ( 378 TD ) which identified important market lows in the SPX at:

October 27th, 1995
October 14th, 1997
October 08th, 1998

March 24th, 2000 (high)
September 21st, 2001
March 12th, 2003

Is due in September of 2004.
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Very interesting info.


Please offer more detail about the 54 and 378 day cycles, and include contradictions or other statistics that help determine accuracy.
 
1087.00 worked for me today.

I will try it again tomorrow, using the following S&P S/R and Pivot:

1109.85 (R3)
1103.55 (R2)
1097.55 (R1)

1091.25 Pivot

1085.25 (S1)
1079.00 (S2)
1073.00 (S3)
 
Hope you made some money off of that major fibonacci retracement yesterday at SPX 1087 with the actual intra-day low coming in at 1087.16

Check out the Homebuilders today?

:D
 
is retiring today and in his last market commentary he decided to remark about how many "novices" use the words "correction" or "crash" when they are not recognized by the trading and technical analysis community as such.

As a result, he offered the following definitions today:

Consolidation:

Any sideways activity in the market that is < 10% in price from the highs.

Correction:

Is a decline in price of > 10% off the peak.

:)
 
From Robert W Colby, author of the must have Encylcopedia of Technical Market Indicators...

Using intraday extreme numbers, the 6.55% downward price movement for the S&P 500 took 13 trading days as the S&P fell from 1163.23 on 3/5/04 to 1087.06 on 3/24/04. This drop retraced 57.69% of the rally up from 1031.20 on 11/21/03 to 1163.23 on 3/5/04. A price pullback of such magnitude and duration is not unusual in a Bull Market.
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Yes, this time is a very healthy correction just in time. helps getting rid a lot of bad blood. True patriots will prevail. America will prevail. Bush will be the President once more for all.
 
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