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The attached analysis uses DJIA data back to 1921.
Since that time there have been 249 instances of
06 type swings. If we average these 249 swings into
just 3 sets of swings we see that in two out of three
cases we can expect UPSIDE movements.
However, one such possibility has passed and we are
now 50:50 for UP or DOWNSIDE movement.
If Friday was truly a reversal then Monday you should
jump on the market 'cause 9250 ain't too far away.
However, if Friday was not a reversal then we can
expect downward movement for a considerable period
of time.
Time will (as always) tell. See if history does
repeat itself.
Clyde Lee
This Netscape speller is not too bad -- it recognized
'cause and I did not have an ' in ain't and it told
me so ! ! !
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
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Attachment Converted: "c:\eudora\attach\djda0614.gif"
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