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Sounds great and I know you are talking about the OEX, but if you take a look at the S&P, I make the recent retracement to the .382 line, as measured from the Contract High to the Oct low. We are now approaching this again, and, notwithstanding today's little bounce, I think the picture looks decidedly bearish.
The bond boys are all clearly on hols still and for the last half hour or so we have degenerated into a series of dots on the 5 min chart. But the upper line of the wedge has been broken and today will be a very narrow range Inside Day, so I shall expect a move on Monday - and it should be opposite to the Spoo - but most bets seem to be off until your judges pick the next President for you, and heaven know when that will be. Long term I am sure it doesn't matter a hoot who is president, but in the short term it provides a wonderful opportunity to run the market up and down, to put money in the pockets of the Big Boys...
Have fun...
Bill Eykyn
> Quote from Astrikos:
>
> "The transiting Sun (the known) will form a waning quintile aspect with
> transiting Uranus (the unknown) on Monday, 11/27. That makes the time window
> for this aspect Friday, 11/24 through Tuesday, 11/28. This aspect tends to
> signal major market reversals, but as you can see (from the 11/13 low),
> confirmation is definitely needed. Stay tuned to these pages as we monitor
> the markets during this crucial period. When we do get a 'confirmed' low
> from at least two of the major averages, it will be followed by an explosive
> upside rally."
>
>
> ----- Original Message -----
> From: "Stig O" <olausson@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Friday, November 24, 2000 5:14 AM
> Subject: Sv: [RT] Market - OEX
>
>
> >
> >
> > >Its gonna happen. When I feel it in the bones, don't sleep, pace the
> floor,
> > >dog barks, its gonna happen.
> >
> >
> >
> >
> > To me it looks like a continuation Head and Shoulder pattern, which can
> explain the comments below by Erik Hadec and Ray Merriman,
> >
> > By the way, does anybody have the last issue of Supertraders Almanac?
> > If so, is this week ans Astroday/week or perhaps High low Pesavento Index
> Daily/weekly?
> >
> > regards
> > Stig
> > Comment s below:
> >
> > Fra: INSIIDE@xxxxxxx <INSIIDE@xxxxxxx>
> > Cc: INSIIDE@xxxxxxx <INSIIDE@xxxxxxx>
> > Dato: 17. november 2000 18:56
> > Emne: Watch November 24th!!!
> >
> >
> > If our intermediate cycle work is accurate (which forecast a January 3rd
> S+P
> > top, January 17-19th DJIA top, late-Feb stock index low and March 27th
> peak
> > earlier this year), then November 24th is a CRITICAL date in stock indices
> > and aligns with similar cycles in the energy markets.
> >
> >
> > ----------------------------------
> > >From Ray Merriman we read the following
> >
> > As stated in previous reports, a huge market reversal is due anytime
> between November 7-December 11. The midpoint of this cluster is November 23,
> Thanksgiving in the USA.
> >
> > The next ten days may be one of the most important periods of the year in
> terms of collective psychology (and hence market sentiment). We find the Sun
> opposing both Saturn (November 19) and Jupiter (November 27). In the middle
> of all of this is Venus square Mars (November 23). I suspect this portends a
> very large move in stock prices, the direction of which is probably
> dependent again on the finality of the election results. If finalized, I
> expect very sharp rally. If not, I anticipate a train wreck where the market
> goes into to a free fall. Along with this outlook, I would expect a revolt
> by frustrated segments of the American public, possibly leading to violence.
> This then would probably catapult world leaders (at least national leaders)
> to take some decisive action to end this meltdown quickly. However, based on
> Friday's rather mild close in the stock market, I am not so sure we won't
> have a resolution by Monday. There could still be a certain amount of
> hysteria and dissention even with the election finalized. It's just that I
> don't think it will go to such extremes as it would if the results are
> delayed past this Monday.
> >
> > The lunar cycle is bullish through Wednesday, and bearish on Friday. But
> that impact will be minimal compared to the results of the election not
> being finalized.
> >
> > http://www.mmacycles.com/artweek.htm
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> >
>
>
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