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Perhaps you would be kind enough to resubmit your chart as an attachment.
One of my precautions against virus infections is to avoid opening
attachments not of type e-mail, GIF, or JPG.
Earl
----- Original Message -----
From: Ronald McEwan <rmac@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: Saturday, June 19, 1999 4:26 PM
Subject: Subj: Mkt Outlook
> The attached chart consists of a plot of the weekly closing price for the
> S&P 500 (data source "Barrons") on the top. The plot on the bottom is my
> analysis of the S&P 500 Dividend Yield (also weekly) versus the Yield on
> the 30 year Bond (data source Federal Reserve). The six zones represent
> plus and minus three standard deviations of the yield data plot. The
> lower zones are areas of negative returns for the S&P 500. The lowest
> zone being an extreme area where you can expect a reversal of the S&P
> 500. The opposite is true for the upper three zones. As we have reached a
> very extreme reading of the upper zone, I cannot see any significant move
> to the upside. Rather I am expecting a strong move to the downside soon.
> (soon means 2 to 4 weeks).
>
> Good Luck
> Ron McEwan
>
>
>
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