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Hello again to all realtraders. I have seen an email from a "Newby" wanting
to know what direction the stock market is going in aswell as many
conversations about the Asian crisis. There is no doubt that things don't
look to good after this last week ending January 9th.
If AOL worked O.K. there should be a copy of the email I sent the middle of
December explaining some interesting highs and lows associated with the 7th
and 27th of the month going back to August. In that email I was looking for a
low to hit
around the 27th of December and a high to hit around the 5th to 7th of
January.
It hit almost like clock work. We hit a minor low on 12-19-97 which wasn't
within
our time frame to be the low. However we did base and hit a solid low on
12-24-97 and from there we went up. Because the major highs hit in August,
October, and December, we were looking for a minor high in January. Basically
meaning we wouldn't hit all time highs again. Well that's just what happened.
On Monday the 5th we hit our high in the late morning and from there sold off.
We did have a nice recovery rally late in the day on Monday but for the rest
of the week the bull made his way to bed and the rested bear emerged.
I can't tell you just what the Asian crisis is going to do to us, but I would
put my money on the 26th or 27th of January to set a low and the market to
start advancing upward into the 6th of February. If the market keeps in form
as it has since August,
look for another run to all time highs around the 5th to 6th of February.
Remember,
the 7th is the key date which is on a Saturday. I suspect the first week in
Feb will
be a good one.
Keep in mind this is based on what the market has done since August and we
surely
will need to break this pattern sometime. For now the market is very much in
form and is hitting the key dates like clockwork.
Sincerely,
Vaughn Jones
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Date: Fri, 19 Dec 1997 13:02:28 EST
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From: Jones64867 <Jones64867@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: GEN: NYFE AND S&P
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Hello Realtraders,
I feel like I take from this forum and never have anything to give back. I
think I have
come across something though that hopefully is of interest to those of you who
trade the stock indices like the NYFE or the S&P. I myself trade the NYFE, so
the data I'm about to give you comes from a NYFE daily continuation chart.
However this should apply to the S&P aswell.
I have had Natures Pulse now for a couple of months and am always finding new
ways to use the program. One key date that I have been studying which
correlates
with Eddie Kwong's date is 1-06-98. Now lets go back to August and see how
all of this correlates.
The question I've been asking for months now is how can I tell if a Key Date
is a
high or a low. Here is what I've come up with....
8-7 Major High 8-28 Minor Low
9-5 Minor High 9-25 Minor Low 9-7 was on a Sunday
10-7 Major High 10-27 to 28 Major Low
11-5 Minor High 11-25 Minor Low
12-5 Major High 12-26 to 12-29 ???? Maybe a low
1-6-98 ??? Maybe a minor High? And how about 1-27-98 maybe a major low?
We'll see how the futue plays out. For the past five months though around
the
7th of the month we've hit a high and around the 27th of the month we've hit a
low
of some sort. Also if you notice that our triple top happened almost exactly
to the
dates the 7th of every other month. August, October, December.
I hope this is helpful.
Happy Trading,
Vaughn Jones
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