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Dennis,
In his book, 45 Years in Wall Street, W.D. Gann set forth a number of time and price rules to forecast tops. Using his rules, a top could devleop between now and the end of July with the S&P 500 cash index reaching the 1180-1190 area.
Steve
Dallas, TX
>>> "Dennis L. Conn" <dconn@xxxxxxxxx> 07/14/98 11:22AM >>>
Hi all,
Unless I'm mistaken (a frequent occurrence lately), I believe Chris Carolan
also gives July 28 as the date for a major top in the Dow in his book The
Spiral Calendar. I hadn't really given much credence to lunar cycles, but
Bob's post has me wondering. I don't know what the COT report is regarding
short commercial positions in S&P futures, but if it's back up in the
stratosphere, I wonder if that would be enough to start a decline that
starts a panic - to whatever degree. Since I'm not involved with equities, I
wonder if someone could comment on all this. I've been led to believe that
from a technical viewpoint (and to some extent, fundamentally), trouble's
not far off in spite of the rosy picture that's been painted, but the doom
and gloom forecasts have been wrong thus far. Does anyone out there believe
they may now be proven correct? If so or if not, what's your thinking?
Just curious,
Dennis C.
dconn@xxxxxxxxx
-----Original Message-----
From: BobRABCDEF@xxxxxxx <BobRABCDEF@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, July 14, 1998 8:23 AM
Subject: MKT - DOW
>According to the WinMidas software a DOW top is projected in 14 days at
9346.
>This value will be adjusted as each days price and volume change until
price
>and the X coincide.
>
>BobR
>
!
!
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