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The SwingMachine results for weekly SP data (going back to 1948)
are shown on the attached.
The first picture is without attempting to call the bottom
as of last week. This picture shows that of the five
projections which exist, only one is not calling for a reversal
now or before now. The odds favor the end of the current short
term down move.
If that is so then by forcing a turn as of the past week we can
get a better idea of what to expect.
The second picture presents five projections if such is the case
and certainly does NOT present a rosy picture for the
"raging bulls" that are around. This presentation calls for
a short term runup to around 1360 and then down. At that
time we will be better able to judge where the next down
leg is likely to take us.
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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To subscribe / unsubscribe from SwingMachine list
http://www.egroups.com/list/swingmachine/
After joining list the freeware SwingMachine program
(DOS Version) is available in the VAULT at:
http://www.egroups.com/list/swingmachine/
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Attachment Converted: "c:\eudora\attach\spwk_091999_d1_s5-5.gif"
Attachment Converted: "c:\eudora\attach\spwk_091999_force_d1_s5-5.gif"
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