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Here is an update on the Midas analysis. Time is running out and the target
price is a bit lower than the last time. The reason for this is the Midas
algorithm assumes a constant volume beyond the last recorded date(also the
Start and C points have been tweaked a bit). So if the volume increases
then the target price and "expiration" date are advanced to the present.
Assume we have more 800 million share days or greater then the date will be
pulled up into late July or early August. And of course this scenario is
heavily influenced by the T bond yields.
BobRoeske
----- Original Message -----
From: Ned Markson <cnedgo@xxxxxxxxx>
To: ROBERT ROESKE <bobrabcd@xxxxxxxxxxxxxxx>
Cc: RealTraders <realtraders@xxxxxxxxxxxx>
Sent: Sunday, July 11, 1999 10:21 AM
Subject: Re: MKT - INDU
> ROBERT ROESKE wrote:
> <snip>
>
> > It will take a couple of more
> > months to complete the picture but the Relative volatility and MoCycle
> > looks an awful lot like 1994, 1990 and 1987 debacles. It appears the
> > setup is rather mature,
> >
> > BobRoeske
>
> Bob -
>
> This correlates well with the time frame from your previously posted
> Midas analysis.
>
> Ned Markson
> http://www.erols.com/cnedgo
>
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