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I can't believe I am going to say this, but I do see the S&P trading
significantly higher. The S&P has traced out three bullish flag formations in
the past two weeks--very bullish action. Also the weekly ADX is at a very low
level. Remember last week, I said the Nasdaq's ADX was at a very low level
and, based on other indicators, looked ready to move higher (has it ever!).
Same thing with the S&P now.
Yes, my model still has me out of the market (and feeling the pain!!!!! ugh)
due to higher interest rates and poor breadth.
Earl Adamy wrote:
> Had to do a bit of juggling, even as big as this is, but this shows the 62%
> w.5 target at 1750 and 100% w.5 target at 2062. I have major time cluster
> w/e 06Mar00, 17Apr00, and 24Jul00. The very long term historical chart of
> the S&P cash which I've posted previously has upper channel from the 1929
> high currently just shy of 1600. I know it sounds crazy, especially given
> the valuation model off the chart, but my hand work and AGet's work all
> agrees, and so far at least, everything is on target from 22Oct.
>
> Earl
>
> ----- Original Message -----
> From: <Proffittak@xxxxxxx>
> To: <eadamy@xxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxx>
> Sent: Thursday, November 11, 1999 1:49 PM
> Subject: Re: Near term SP500
>
> > Earl
> > >>
> > hello
> > when you get the time
> > can you post the gif of your weekly showing the 1750 target
> > regards
> > Ben
> >
>
> ------------------------------------------------------------------------
> Name: SPCCWK.gif
> SPCCWK.gif Type: GIF Image (image/gif)
> Encoding: base64
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