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>>The pattern then calls for a reasonable bear market into mid December. NO CRASH
THOUGH>>>> <<
Can you elaborate on this statement? Without a crash, does it imply a sloping downtrend?
Is there a mid-December market target proposed?
JW
abprosys@xxxxxxx
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> From: David Hunt <adest@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Cycles-Long Term
> Date: Saturday, July 12, 1997 6:18 PM
>
> Mike R,
>
<snip>
> The Mass Pressure Chart for 1997 shows a pattern of distribution for the
> first half of this year with a high due in Mid Febraury (this came in as
> forecast). Basically, the strategy it suggested was buying dips until mid
> to late July. The pattern then calls for a reasonable bear market into mid
> December. NO CRASH THOUGH>>>> Sorry to disapoint you classical technical
> analysts, Elliot Wave Catastrophe Heads and perennial bears.
>
> Therefore, I can conclude that either Jenkins uses the same tools as I do
> (just kidding, but we may be correlated) or there are very good reasons to
> reduce exposure to both US and Australian equities over the next few weeks.
> For the past few months Bill McLaren has been calling for a Dow mid July
> high (the 17th I think).
>
> Oh, by the way I presented the same analysis as above to the Australian
> Technical Analysts Association in January this year. So I am on the record
> on this one, so to speak.
>
> Regards
> David Hunt
>
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