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My forecast for Monday for the S&P futures.
A gap up open has 66% chance of a higher close.
A gap down open has 40% chance of higher close.
there is an extremely high probability that a high greater than thursday's
1193.20 will be made before the day is over.
and only about an 10% chance or nil of a lower low.
To me this means a break out of the 1194 resistance will be made, with only
about a 46% chance that it will hold.
Don
Subject: [RT] Mkt - OEX
> Cycle down or breakout? That is the question. There are a number of
> measures that say optimisim is breaking out all over like springtime
> flowers. Even with springtime dark clouds can lurk overhead. One in
> particular is the WST Master Index reading from the Bulls or Bears
website.
> The output of the WST program is primarily derived from index and option
> data, thus it is a composite sentiment measure. Thursday's data provides
> the reading for Monday and that reading is a unanimous sell, spelled
SELL!.
> The exclamation point means the Master Index is on a sell and the 4
> confirming indicators are on a sell. The confirmers are p/c ratios and
> something appropriately called a "screw factor". Predictions are prone
to
> making fools of the messenger. Let's see if the WST indicator lays a big
> egg on Monday.
>
> Happy egg hunting,
> bobr
>
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