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While looking over things, consider the
attached which
is a very simple AUTOMATIC
Andrews' Pitchfork study
of the S&P.
No screwing around here to make things
fit. My favorite
detection lengths are 13 and 34. 34
was used here 'cause
I kinda wanted a bit longer
look.
The suggestions here are decidedly bearish
with a close
limit for breakout if the bear gets horned
to death.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
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href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
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<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
EAdamy
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, June 09, 2001 09:05
Subject: Re: [RT] S&P
I have quite a bit of work to do on charts this weekend,
but most of myequity indexes are showing strong AGet time clusters on June
11-12. My dailybreadth models have been building some serious divergences
over the pastcouple of weeks and are now in sell mode. Finally, VIX is at
extremely lowlevels from which I would expect to see a serious decline. As
indicated inan earlier post, I expected upside follow-through from
Friday's close tonominal new highs setting up a w.5 failure swing
terminating June 11-12which would mark the end of this rally. We may still
get there, howeverFriday's action appears to indicate more of a
struggle.On a more general note, my overall thinking has been getting
more bearish asI believe the Fed and brokerage community have effectively
reinflated thebubble ... best demonstrated by the near vertical rise in
the NYSE and DJIA.I am not one to fight tape, however all things
considered I would not besurprised if this whole rally turns out to be an
interruption in the bearmarket decline.Earl----- Original
Message -----From: "Jim White" <jwhite43@xxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Saturday, June 09, 2001 7:12
AMSubject: Re: [RT] S&PEarl,My work indicates a low on
6/12 between 1235 and 1245Jim ----- Original Message
----- From: rosow@xxxxxxx To:
realtraders@xxxxxxxxxxxxxxx Sent: Friday, June 08, 2001 6:14
PM Subject: Re: [RT] S&P
Earl, I see 1216 - 1226 as good fib support and a
wave B termination. Seechart. Lenny In a
message dated 6/8/2001 3:27:45 PM Eastern Daylight Time,
eadamy@xxxxxxxxxx writes: If price fails
short of the green line and comes back to the red
linejust above this morning's lows, the rally is
probably kaput. Price action had been bullish into the
close and I thought we'd see a new high but theworm
kinda turned with another gap open this morning.
Earl Yahoo!
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