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Re: madrose1 post# 473468

Friday, 05/12/2006 9:11:24 AM

Friday, May 12, 2006 9:11:24 AM

Post# of 704047
2MAR, ADBE might be good but the way I read a stock, ADBE topped out the week of 1/16/06 at $40.85, then declined for 10 weeks to the week of 3/27/06 at $34.91, then rose for 4 weeks to the week of 4/24/06 at $39.87 for a 14 week cycle, top to top. ADBE is now in the 2nd week down, which while not impossible to have it hold here, would be unusual, as most stocks will pull back 4 or 5 weeks (at least) from their most recent cycle tops.

A couple of better picks, in my opinion, are PX and ICE, both of which are in the 7th week of their cycles and have another 3 or 4 weeks (at least) of upside price action, before they hit their cycle tops. PX looks like the 60's and ICE the 90's, to me, before they hit their respective cycle tops.

Jim

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