Marginnayan, There is a 20 Week Cycle Low due in late December, so a decline from November 5th to the 20 Week Cycle Low would not surprise me.
Additionally on the stock market's Momentum Cycle, the average Mommentum low occurs 12 to 17 weeks, after the most recent Momentum high, which occurred on October 5th, in my work, so a decline into late December or even January fits the "normal" pattern.
The normal Momentum Cycle runs about six months (top to top), so once the Momentum low is in, we can expect the next Momentum high to occur in March or April 2008.
Jim
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