CHANYU8, All I know is that as long as I have been charting the markets, the pattern has been the same. The market hits a Momentum High, then a Price High, then a Momentum Low, then a Price Low, then repeats the cycle again.
In the current Cycle the Momentum High occurred on May 4th, the Price High on May 7th for the DOW JONES TRANSPORTATION AVERAGE, and June 11th for the DOW JONES INDUSTRIAL AVERAGE, the S & P 500, the NDX and the NASDAQ COMPOSITE, the Momentum Low occurred on June 22nd and the Price Low lies ahead.
Jim
Market Data 
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