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The attached is a SwingMachine study of the cash index.
The input data goes back to 1966 so projections should
have a reasonable degree of support.
Please note that current prices have reached the projected
price range. Also note that recently prices have reached
targets long before the time anticipated in projections.
Insofar as comments by "Uneducated Alex" about the
behavior of the market now being related to the time when
index crossed 2000, I would suggest that the market NOW
is in a COMPLETELY DIFFERENT STATE than it was
at the 2000 crossing and consequently should not be
expected to act as it did at that point in history.
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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After joining list the freeware SwingMachine program
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----- Original Message -----
From: ROBERT ROESKE <bobrabcd@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxx>
Sent: Thursday, November 04, 1999 09:33
Subject: Re: Nasdaq ready to MOVE
> A contrary view, the Favors Trin5(codi) is near the Sell alert band as
the
> momentum oscillator and the 5 day RSI, indicate there should be some
> pullback in the NDX.
>
> BobR
>
> ----- Original Message -----
> From: Bill Bancroft <bbancroft@xxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxx>
> Sent: Thursday, November 04, 1999 7:25 AM
> Subject: Nasdaq ready to MOVE
>
>
> > Bill Bancroft
> >
>
>
> ----------------------------------------------------------------------
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> ----
>
>
>
>
>
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