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Hi Jim,
So far looks like you are right.
But I am looking for December "Tax Sales" week(s): black candlestick(s) on
the weekly chart. (Do they actually sell taxes?)
We had it for some time (DJIA):
Years: Weeks Ended:
1998 12/04, 12/11
1997 12/12/, 12/9, 12/26
1996 12/06, 12/13
1995 12/22
1994 12/09
1993 12/31
1992 12/18
1991 12/13
And so on.
Why not this year too?
Waiting Alex.
At 06:25 AM 11/30/99 -0500, Jpilleafe@xxxxxxx wrote:
>(from Jim Pilliod,...dtd 11-30,.... 6:30am ECT)
>
>Some brief thoughts on the near term:
>
>Tues.11-30 has potential to be a short term pivot day,....potential low
>(Turnaround Tues) for the following reasons:
>
>1. Seasonality,...last 2 trading days and first 4 trading days each month
>tend to have a favorable bias.
>
>2. 11-30 is 13 mkt days from low on 11-10-99,...was 13 days from high on
>10-22.
>
>3. Bonds look constructive if Dec contract 111^11 (Monday 11-29 low) can
>hold.
>
>4. 11-30 is weekly turn date for Bonds and CRB per Parallax neural net
>projection.
>
>I will be watching sentiment (P/C ratio) which has been unfavorable going
>into Tuesday for signs of increased fear (not seen yet). Also,...I am wary
>of being too constructive for a few more days,...as other methods (including
>Bradley model,...etc) indicate that 12-02 is likely to be a key low date.
>For position trades this may be an opportunity to "scale" into a longside
>trade over the next 3 days. Any rise from these levels may be short term in
>nature,...maybe up only into 12-07 per 3 week cycle,..etc.
>
>Any thoughts or feedback much appreciated.
>
>Have a good day,....Jim Pilliod jpilleafe@xxxxxxx
>
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