From Marketwatch (link)
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Bennet Sedacca of Minyanville notes that a combination of annual, decennial and presidential cycles yields a potential "top date" for the S&P on May 8. Those were, so you know, the same cycles that suggested a low on March 15th.
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As I have opined before, calendar cycles are one of the weakest influences on the stock market. That said, if the yearly calendar pattern has its way, the market will hold its own into May option expiration (5/16/08).
Crunch time in the stock market today, lots of stock got hit including my three (AXP, EWZ, HON).
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