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The Andrews lines have been right so far
they found the high a few months ago and the recent low
they are now saying that if prices close beyond the andrews line that goes
from the low
in October to about 1150 today in the cash s&p
That prices are in a hyper move mode which could take us into the fall.
RM
At 11:51 AM 6/24/98 -0400, TheGonch at MediaKat wrote:
>Clyde
>
>The original prediction is holding on very well on the green line from
>the original message. Any update?
>
>Regards, DanG
>
>Clyde Lee wrote:
>>
>> 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
>>
>
>
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