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Hi folks,
Up front, must say that this post would seem
to be a contrarian view on the SPI and S&P500
..... but, that's what makes the markets.
SPI ..... since October 2002, we have seen
the markets in a choppy trading range, but at
the same time the lows have been tested .....
30 days apart ..... in November and December.
Here's a brief overview of the underlying
market, looking forward for the next
12 months .....
KEY dates:
230103
210203 - 21-240303
040403 - 250403
16-19052003 ..... looks significant
050603 - 20-230603
290703
27-290803 ..... looks significant
19-220903
290903
23-271003 ..... looks significant
071103
17-221203
06012004
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DOWNSIDE:
Let's not think about anything below the
October 02 lows ..... but, if they are to be
revisited, it may well be around 21022003
..... let's hope we can bounce off again !~!
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MARKET MOVES:
With the shackles loosened now, we should see
some good moves in the markets, until the
March equinox 210303 ..... after that it will
probably get choppy again, through until about
19052003 or even 05062003.
>From about 20052003 through to about 28082003,
we could see a huge move in the market .....
so, it would be a good time to be alert.
Those key dates in mid-May, late-August and
late-October will have us alert for
significant highs or lows, about these times.
Beyond late-October, the market may well give
us the Santa Claus rally that we didn't get
last year.
hot charts for 2003
yogi
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