Ze'ev... the July/August rally lasted one month, so I guess my timeframe is up to mid-November. 1388 would maintain the lower-highs aspect, though not by much. Apparently you see the pattern being broken completely early next next. Oh well, one year is a long time to maintain any pattern like this...
Zeev, Gutsy call. So market holds gains thru iraq war or better yet peace with iraq(perhaps new leaders) giving the year end rally a second leg. Economic news a little brighter then. 2nd half 03 problematic, i guess--return to recession?? Will the second half determine whether the rally beyond 1427 is a cyclical bull or just a robust bear? I am going to berlitz on monday to learn some hungarian. I think i may be right about what you are thinking. I await your response. marv