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I feel Joel Williams comments on the Secular Bull Market sent Wed
12:23 have very uncomfortable odds of being correct. And it is
October. Here is more grist for the mill. Comments pro and con??
The attachment is somewhere down below {:-)
Bill,
Sorry for the delay. I had to download a program so I could convert
MetaStock files to gif before I could send this. It is my first
attempt so
I hope it works properly. I may send it to the FT list as I think it
is
interesting and most of them only have data to 9/1/88. Sometimes a
longer
range view is helpful. It would appear that for the intermediate term
the
Market is at a moment of truth. Gil Raff's Regression Channel is
quite
reliable. Let's hope it doesn't give a 50% retracement of this
Secular Bull
Market. It often happens.
fletch wrote:
> bill
>
> sorry to bother you - could you send a gif on this - my data only
> goes back
> as far as ' 88 .
>
> rgrds
>
> bill greening
>
> Bill Saxon wrote:
>
> > Drawing a Fib from 1984 to the peak in July we bounced exactly at a
> > retracement of 23.6% at 946 on the cash S&P. We may break that
> > decisively today at the close. If so Fibs would indicate the next
> > support at 38.2% or 790. That's some lick. But as the money managers
> > say when you have lost half your money - think of the wonderful buying
> > opportunity that lies ahead. What are the market timers Models
> > saying??
Attachment Converted: "c:\eudora\attach\S&P4.gif"
Attachment Converted: "c:\eudora\attach\S&P5.gif"
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