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Traders,
The attached is the result of a fourier analysis of the last three
years of weekly data on the SP (continuous contract futures).
This analysis shows at least 3 very distinct cycles with periods
of 38, 18, and 8 or 10 weeks.
The peak of the 38 week cycle is upon us or we have just passed it.
Two fitted curves with projections are provided. The BLUE curve
and projection uses all 9 cycles which were detected whereas the
RED curve and projection uses only the 38, 18, and 8 week cycles.
The SWING projections (which should encompass 50% of all possible
prices over the next several months) seem to lead to a market that
will range from the 1175 level to the 1350 level with any large
break not in sight!
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
SM available at: ftp://intrepid.com/pub/clyde
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