financials hitting new lows, page-60

mornin jaolsa,
Looks like McHughs date came a few days early, so looks like our market will follw the Dow's lead and head down on Monday. But , I dont think Monday will be the low, even with the 55 day cycle, as it looks as though the DOW wants to head down and test the Jan lows, particularly with that double top on the 1st and 27th Feb. I think you had the 7th March as a low, however I suspect the following week, not only as it is 5 years since the bull run started, but also 55 weeks since the 20/2/07 top, which has acted as support /resistance on a few instances. You will also have 144 bars since last Augusts lows which is always a good reason for a reversal.

I think that will be the major low,then followed by higher lows as your next 55 day cycle kicks in around end of march.

thats my best guess.lol