Dow April 20th Could be important !

[Peter]

The Dow held at 10400, But didnt even break above 10460, so It wasnt
really a very good day in terms of showing strong potential for a top
out Above 10570 that Id like to see for Tuesday.

I would think however theres a chance it could still rally over 150
points by 19.00 hrs ( 14.00 hrs EST) tomorrow. Here I have what I see
as the most important time point for this week.

Overall Im disappointed How the Dow has performed this last few days
in terms that it hasnt even broke back above 10460 from some signals
that I had in last week during the Lows made at 10322.

For Me Tuesday is now make or break this rally IF the Market should
TOP out either above 10570 OR at or by The 19.00 hrs signal I have
in mind.

If the market should sell off without even getting back above 10500,
then I dont really know what to expect.
Tuesday shows the best signals I have had since the February highs.


NO major 9/11 events has taken place on the 19th as yet. So Maybe my
20th cycles May offer the top out that Ive been expecting for last
few weeks.

14.44 ( 9.44 est ).......16.00 to 17.00 hrs ( 11.00 to 12.00 EST)
and 20.43 ( 15.43 EST) are other potential times that May prove
important





00.26**********
3.16
3.30****
5.49
10.42
13.54*****
14.05****

14.44*****???

15.38
15.49/54/58*********

16.17
16.49/54****

17.00/08
17.19
17.26****
17.42/45??????
17.58

18.08********
18.25
18.38***
18.49/52

19.00/04********************
19.37


20.19/21*****
20.43
20.54********

 

[Peter]

For timing on the Dow the following link may be useful http://finance.groups.yahoo.com/group/ganncycles2004/

 

[grubs50]

Nice prediction! r u sure u didn't have a word from Greenspan?...................lol.

 

[Peter]

Thank You,

Its nice when they work out !

Actually I had a chat with the Greenman and suggested he should make the Market fall. )


There MAY be another Possible signal in Thursday worth observing that could see a further decline if mkt tops around 19.30 hrs. If it tops around 10400 I may be interested to take a further low risk trade with tight stops.



After the market action of the Dow on the 20th, That was a nice 220 point + decline from 10485 /10470 to 10250 made on the 21st.

Now Its hit and broke the 50% retrace of the last 10570 - 10007 point range.

Ive another POSSIBLE time signal in for Thursday THAT MAY give another Major move.

I wonder if the market will Hold at the 10250 low and rally to 10400 ish IF it can break back above the 10330 level.


I await to see what the market is doing at around 19.30 hrs ( 14.30 hrs EST ) IF this signal works and finds a high ,Id expect another decent decline which could test 10,000.

Ive several times that could move the overnight market.

Times shown are GMT / BST.. For EST minus 5 hours.







2.00
2.39
3.54
6.07
6.26******
7.43
9.37
11.22
12.18/38
13.53

14.30************
14.44

15.30
15.53*****

16.05
16.12***
16.36***

17.00
17.16/19
17.35*****
17.50/54

18.00/02/09****
18.30

19.30/34********************
19.54

20.25/30

21.09*****