october highs, page-16

re: october highs and jc retro

Bugger you!

I hate people with long memories, lol.

That date wasn't my most important on its own but there was other evidence to reinforce it.

XJO and SPI seem to have a slight difference, so last time we got a XJO low a couple of days before the SPI low.

For XJO it seems to be Friday +/- a day and SPI Tuesday +/- a day.

It doesn't leave much time for anything decent I realise.

I always need to remember that lows are what markets move up from not what they go down into.

In the past I have been caught by expecting a good pullback when sometimes it is a stall and then accelleration.

This is because bigger cycles are at work.

So those dates may be a pause that refreshes or they may be just a step down in a bigger fall.

Not trying to cop out, but cycles need to match the indicators and moving averages to create a perfect storm.

I was expecting more serious downside action here and it is still possible but time is running out.

The one caveat I did have was that '06 years tend to have May/June lows and then rally hard into Sep the following year.

This is still an option.

I guess I am waffling.

I better prepare my bum for a kicking!