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Attached are a couple of files that may be of interest. The first is a 1/3 and 2/3 speed line chart using the Sept high and mid Oct low. Looks as if it is testing the lower (support) speed line.
Second attachment is a lotus file. It is a daily summary of the fundamental, technical and sentiment data I monitor. It reflects that the technicals and sentiment are responding to the negative interest rate, money supply and valuation conditions currently in place. Of note is that the Vix has recent cluster closes greater than 30; a couple of recent Equity Put-Call ratios greater than .70; and some very, very low Rydex Asset Level ratios......all reflecting how negative the sentiment is and the likelihood of a near term bottom. What may be needed is some sort of selling climax. Note that the Connors-Hayward Advance-Decline Trading Pattern has not dipped to a reading of -500 or more recently. In looking back most bottoms register more negativity with this indicator. Will wait and see. Maybe Monday....Venus is trine Saturn. Patience is an economic virture.
Steve
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Attachment:
Description: "Lotus 123 4.0 for Windows"
Attachment:
Description: "SPX.gif"
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