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The attached .gif file contains a picture of the current
status of the market as seen by SwingMachine.
If June was a low (a one month reversal ensues) then it
appears that the DOW will top out in September or
December.
The RED lines show what I think was a comparable period
in 1929 and we seem to be delaying any "crash" that might
occur -- NOT entirely missing a major down move since
projections of prices near 8000 after the peak exist
on three swings.
Time will tell!
I agree with John about the time it takes to put such
things together. Although I don't "talk" as much as
he does I tend to try to "picture" more in a single
graphic.
Clyde Lee
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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\Djmo0798.gif"
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