Well it fell more than I sort of expected although all the ducks were in a row, so fair enough.
Getting my post lunch rally but it isn't particularly strong.
GE and SF mentioned May for a turn.
Problem is I have two indications.
The 4 yr Prez cycle says a May significant low.
My 62 month XJO cycle suggests maybe a high although it wasn't brilliant last time.
It works spot on for lows on the alternate 62 months and it is possible that if you allow every 62 to be a low with a month or two error it could be a low. as well.
July 1982 a major low here.
+ 62 months was Sep '87 high (or is it 2 months out on Nov low)
+62 months was Nov 92 major low.
+ 62 months was Jan '98 which was a volatile 2 years with little overall gains/losses.
+ 62 months was Mar '03 the last major low.
+ 62 months is this May, but as the Jan '98 was not decisive and was Sep '97 a high or the low 2 months out, I am not sure about it.
+62 months is Jul 2013 must be a low although some cycles don't work for ever .
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