fireworks friday, page-99

MR

The GannGlobal mob are very big on historical comparisons and what is the range of normal.

They have a data base back a couple of hundred years or so.

I found it interesting that their summary of the next correction is 2 months 29 days and 30%.

We can laugh because it wont be exactly that but I like the size of the move.

3 months if a low is October means a top in July.

I think the low could be Nov, and maybe even Nov 8th.

If so then a top would be early in Aug which cycles and other pundits also point to.

Of course it may be later or different or whatever.

The key in '87 was to use something like a 10 day ma as the break point.

As you can see it had only one false break from the late June low, and we have had a late June low.

No guarantees it works that well again, but anyone long should employ some thing like that IMO.

I normaly use a much longer ma but when the end game is on I keep it tight.