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NASDAQ breadth models have finally cracked and this should allow the S&P to
correct. If/when we get a break of 1409 March, I am looking for what
"should" be a w.2 50-62% retracement to 1340-60 followed by a long w.3
rally. The fly in the ointment is in the weekly breadth models and
commentary which I posted a few days ago - the last time we had a similar
situation in the weekly breadth was December 1972.
Earl
----- Original Message -----
From: Ira Tunik <ist@xxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, December 15, 1999 8:49 AM
Subject: [RT] Re: sp500
> It should hold 1417, if not you are looking at 1402.
>
> Proffittak@xxxxxxx wrote:
>
> > In a message dated 12/15/99 12:55:42 AM Eastern Standard Time,
ist@xxxxxx
> > writes:
> >
> > << There has never been a central bank intervention that stopped the
rally or
> > fall of a currency for an extended period of time. How many times did
they
> > intervene to stop the fall of the yen. It didn't work either. They
just
> > don't have enough money. If you want a really bullish scenario on the
yen,
> > look at the monthly continuation chart from the 74 low. Ira
> > >>
> > Good Morning Ira
> > nice to hear from you
> > Can you share with us your wisdom re sp500 outlook
> > I personally see a pull back to 12/23 to the 1340-1350 area
> > Regards,
> > Ben
>
>
>
>
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