Aire, can you take a look at this statistical report and give your thoghts. I know its a broader way of the market, but what, if any, correlations are there to Hurst's nominal cycle phasing method! George <A HREF="http://media.wiley.com/product_data/excerpt/1X/04714305/047143051X.pdf" target="_blank">http://media.wiley.com/product_data/excerpt/1X/04714305/047143051X.pdf</A>