Well EMPTYHEAD, IF Monday (6/22) was the Momentum Low for this cycle (and it is a little early to say for sure), then the Major Averages should go to a lower low (closing basis), while my Momentum Oscillator goes to a higher low and I would expect that low to occur in the latter part of July or early August, then the market should rally into late August or September.
In addition to the 8 Week Cycle Low due July 21st or 22nd, then the 20 Week Cycle Low, there is a 13 Week Cycle Low due July 27th to August 3rd.
One of these Cycle Lows should produce THE price low, but which one?
Jim
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