Dow MM mkt timing
If any Mkt Matrix students would be willing to give any opinion on the DJ in comparison to any of the timings or dates, it would be good to compare notes.
Ive July 6th to 13th in mind.. July 6th in particular.
One of my main concerns anytime is could July 6th be a important date. I think we could see this as a potential main date to expect either some sort of top out which leads to the start of a big decline, or as a low and a rally at least to end of August / September.
As I mention below I THINK IF we break 10150 and are still declining below this after June 30th we will see a new yearly low lower than 10,000.
IF the mkt can hold up from either the low made on the 27th OR this next 2 days we could see a blow off rally into the July 6th time frame.
Heres some times today that I suspect could be of interest..
The Dow didnt quite do as I had initially suspected on the 27th as
it didnt react to 10300 from the open. It also fell short of the
10220 level that I thought would offer support if 10300 broke.
Timing wise the low made on the 27th did react to a decent time
signal on that day. I just didnt think it would prove more important
than the earlier signal I had in mind on the 27th. So it is possible
that low could hold.
10256 ish was approx a 61.8% retrace of the 10660 - 10,000 range.
Im still curious to see if we hit the 66.6 to 70.7% retrace
If the Market falls to Thursday we may yet see this level tested, ie
10220 / 10200.
Ive several interesting signals coming in today and Thursday.
So far The Dow has hit a 38.2% retrace of its last 10660 to 10256
range to hit around 10410 yesterday.
Two signals come in prior to the cash mkt open. So far the overnight
ones holding the mkt going higher as i write.
Times are UK for EST minus 5 hours.
3.25
12.48 ****** ?????
14.44****???
15.42/46**********
15.50******
16.03???
16.17************
16.27/31********** ??????
17.00??????????????
17.29
18.49 ******?????
19.36***********
20.43 ************** ?????
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From: "ganncycles2004" <
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Date: Mon Jun 27, 2005 5:28 am
Subject: Dow June 27th ganncycles2004
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So far the market has had a sharp decline since hitting the 10660 ish
level last week. Its now down almost 360 pts.
My big question now is whats likely to happen in the next 2 to 3 weeks.
No doubt, there is a possibility that IF the market is going to have
a big decline this year, that last week was a lower swing high that
has formed Below the years high of around 11,000 made on March 7th
2005.
Obviously if this is the case chances are the market has now started
down and should continue severely down in the next few weeks.
However, I still have around July 6th to 13th as looking the most
important time zone. ( July 6th in particular )
It is always possible July 6th / 13th could turn out as a low, and If
so and it reacts , then Id suspect theres a high probability that the
market continue to hold up at least to September.
IF this is going to be a TOP then we have see the martet re rally back
up soon.
Between Now and July 6th, I have had some interesting signals in this
weekend, so we may reverse Today.. However I seem to have late on the
29th and the 30th June showing more timing clusters of interest.
Pricewise, again if 10300 fails to hold, then 10220 / 10200 seems to
have good potential support.
If the market should decline below 10150 after the 30th June then I
think we may well see the Dow decline to July 6th and theres a good
chance it will find a lower low below 10,000 that was made in April
2005.
I think initially IF the market breaks below last weeks low after the
open of todays cash mkt that we will probably go lower or sideways
until June 29th / 30th.
No doubt the market is going to have to have a fair move back up if
its going to break back above 10660 and make an even higher 2nd yearly
lower swing top by July 6th.
If somehow we do get a big rally back up into july 6th, we may even
see an attempt of a blow off to 10830 ish.. Id be amazed IF it broke
that level or made new yearly highs if we do start up this week.
This date July 6th is as interesting as the Oct 10th low made in 2002.
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Peter said:
If anyones using market matrix and would be good enough to share and swap a few of their views based upon their analysis, I would be interested..
This was my last call for the 22nd June. I wrote it on the 21st ..
This ones worked very nicely , so far
Forgive my spelling mistakes I was in a rush and didnt have time to check for mistakes.
Thats my excuse anyway !
http://finance.groups.yahoo.com/group/ganncycles2004
From: "ganncycles2004" <ganncycles2004@...>
Date: Tue Jun 21, 2005 8:56 pm
Subject: Dow For June 22nd ganncycles2004
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Just a quick note.
As I write today, its on the longest day of the year June 21st
summer solastace. This is one Of Ganns important time points of the
year as solastaces and eqinoxes can be in the yearly calendar.
I see my initial target of 10660 was very nearly hit last week.
COULD see some selling from here as I suggested.
Tomorrow could be important..!!!
WATCH 14.38 hrs UK ( 9.38 EST )
I May have more to say later.
IF we go above 10666 could see 10700 / 10720 ish
Only 15 days to July 6th .
