Zeev's Turnips Patch-No Politics (ZEEV)

[JimQuinceH]

Opinion, We may be at a Momentum high but I don't think we've seen the price high.

Historically, the intra-day highs on the SPX, OEX, COMPX and DJIA, have come 7 to 20 trading days after the Momentum high.

As of last Friday (I use closing data) my Momentum Oscillators, have not been as high as they were since June 7, 2004.

I can't tell (for sure) if this is the multi-week high for the Momentum Cycle until I see how high the next rally takes them, but I never worry about trying to get out on the Momentum high, because a higher price high as allways followed, the Momentum high, in the 43 years that I have been doing this.

Jim