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This is the time in which much is written and displayed with
a comparison of the behavior of the market in 1987 and now.
The attached is a comparison the way that SwingMachine sees
then and now.
I have attempted to establish scales such that the range shown
on the charts is roughly the same ratio wise (SM WORKS IN
RATIOS SO THAT IS FINE).
In 1987 the amount of time between significant swings prior to
the "crash" was somewhat greater than currently.
In 1987, with respect to the projections made by SM, the prices
tracked at a significantly higher rate of change to the downside
prior to the crash than they are doing now.
My impression is that how prices fit within all the projections
is an indication that things might get as scary as 9500 but
not likely the 7000 or so that would be seen in a repeat of
1987. This impression is as of this date. Next week we could
see enough movement to the downside to make me change my mind
so I'm being a little cautious.
These pictures are cluttered I realize but they represent ALL
the swings that match the 9 pattern of the last peak and are
longer in the first leg than the date to which projections were
calculated.
Good way to really see what is the distribution of swings
historically.
Clyde
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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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Attachment Converted: "c:\eudora\attach\djda_092499_1987-1999comp9bar.gif"
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