capitulation not yet, page-2

I mentioned a possible minor high around July 23. before I expand on that here is a little interesting thing.

The high in '02 was the month 02 or Feb.

The low in '03 was month 03.

'04 was mostly just up but one top was month 04.

The low in '05 was month 05.

The low in '06 was month 06.

In '07 month 07 was arguably the orthodox top if not the absolute top.

So any chance an important high or low happens in August this year?

These dates are roughly 13 months apart and are probably related to a Gann offset and its 392 cal day legs.

As I calculate it the legs are actually something like 392.64XXXX and sometimes I use the simple whole number and sometimes the exact and over time starts to make a few days difference.

If we start at the Feb '02 major bull top and add 392 days here is what we get.

The first date is 13/03/03 which was the exact day of the bear low.

Then we get 8/4/04 and 7/4/04 was a minor top with a multi week correction.

Then 05/05/05 which was the major low of the year exactly.

Then looking at both the simple and fractional increments we have 01-02/6/06 and was a trading day or 2 from a rally top on 05/06/06.

Then 28-30/6/07 and we had a rally from 27/06/07.

This year the dates appear as 24-27/07/07.

These dates seem to generate alternate highs and lows so this year the date should be a high.

Since 27th is a Sunday, I will be watch Thur 24th to Mon 28th.

Obviously if leading action is not upwards then forget it, and even if it does hit, I can't know whether it is major or minor, but even the minor ones seem to generate a couple of weeks of reversal.