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<P>S&P 500 wrote:
<BLOCKQUOTE TYPE=CITE> <FONT FACE="Comic Sans MS"><FONT COLOR="#000000"><FONT SIZE=-1>Everyone
needs to check this site out.</FONT></FONT></FONT> <FONT FACE="Comic Sans MS"><FONT COLOR="#000000"><FONT SIZE=-1>http://209.213.106.189/auction/index.cfm</FONT></FONT></FONT> <FONT FACE="Comic Sans MS"><FONT COLOR="#000000"><FONT SIZE=-1>This
is not an advertisement</FONT></FONT></FONT> <FONT FACE="Comic Sans MS"><FONT COLOR="#000000"><FONT SIZE=-1>Rob</FONT></FONT></FONT></BLOCKQUOTE>
not gonna do it. wouldn't be prudent. gotta know
before I go.
<P> Bushedly,
<P> Norman
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</x-html>From ???@??? Fri Jan 22 06:14:40 1999
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From: swp <swp@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: SP500 Index Analysis
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To add to what Andre was saying, 8-Jan completed a three wave rally from
the lows on 8-Oct on a perfect day count too. I had thought that, at the
time, options expiry could save the market for a week, and that could
not help. Better than expected earnings are not helping either. Bonds
look set to run at 130 and euros to 95.37 (June). Lots of technicians
will signal a major correction on a break of 1190 (cash s&p 500 index)
which might add to troubles. My targets are a bit lower if 1190 breaks
(1150 area) and I see risk (about 25%) down toward 1000.
And, for those of you who are bullish and give me the 401K and IRA
argument, just remember the 20% drop was in six weeks last summer (the
first leg to 1-Sep) and six weeks would be to mid-Feb, leaving TWO
MONTHS to put your money in for 401K if it took six weeks to go 20%
again.
Steve Poser
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Andre Franklin wrote:
>
> Just thought I'd share a chart with you that implies the possible
> beginnings of a bear market in the SP500 index from the Jan 8th peak in
> the attached chart. The peak-peak cycles of 105 and 172 days form a
> Golden ratio along an upward sloping trendline. The possibility of Jan
> 8th as a major reversal point should be considered. Recent activity
> implies that Jan 8th was the last wave of the major bull run from Oct
> 8th. Personally, I expect to see a decline to at least 1170 in the
> coming few weeks....and a possible decline to 1100 in 4-6 weeks.
>
> I don't have much time in this message to elaborate further on this
> analysis...but I'd like to share it with my fellow RealTraders....for
> what it's worth....
>
> Good trading!!!!
>
> Andre
>
> ------------------------------------------------------------------------
> [Image]
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
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