Additional views on why the current time and prices are at critical levels in many markets

We're not the only ones seeing critical levels in many markets right now. Here are just a few of others who are seeing important levels, including in markets that we haven't addressed here. Frank Barbera has written an article, Another Turning Point at hand? at FinancialSense.com (5/26/09). My readers might want to take a look at it, because Frank did a nice job of cross-comparing a variety of markets with Fibonacci retracement levels and technical indicators. He incorporates some very interesting views with copper and metals generally - markets we do care about but don't necessarily chart. While I don't always agree with Frank's views of Elliott Wave counts (which I believe are more difficult to work out than many assert), his analyses and conclusions based on the Fibonacci levels and other technical indicators are definitely worth consideration.

In another note, Andy Askey of PTV-Investing Blog left a comment on one of my posts, the one about Gann angles and fans in my Cycles review series. He's correcting me about how Gann analysis works, which I very much appreciate, and will try to incorporate soon into another review just on Gann. Meantime, anyone interested in Gann work should definitely keep up with Andy's posts at his website (always included in "other sites of interest" listed at the right side of the page here).

Andy also wrote and charted out a very nice long-view analysis of the Dow Transports today at his PTV-Investing Blog. Since keeping an eye on the transports has become one of my favorite things to do - there's a reason why Dow Theory does and should continue to incorporate the transport sector, as economically sensitive as it is - this is another reason for my readers to check it out today.

Some people are talking about the early June time frame being significant - might be good to reminder readers, we've been looking at a number of important dates in this time frame. Mid-May to mid-June generally based on this being 1.618 year from the October 2007 highs, as well as later this week, the early to mid-June based on Bradley, and the July 14 Bradley model date. Terry Laundry's T Theory points to this time frame if you may remember, and there are some financial astrologers who have important dates coming up too (Raymond Merriman having mentioned some in his public weekend preview). There are a number of cycle methods showing this time frame to be important.

So we're seeing that both time, and price in many markets, are at or near an important juncture. I'm not going to belabor this point because I've been trying to make it in many posts here for some days now. Just a reminder!