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Earl,
The attached has my comments based on
SwingMachine observations
on the WEEKLY data for the S&P Cash
Index dating back to 1930.
Just to keep us honest I added a fork and
fib lines for those
interested.
This entire scenario is still pretty
bearish.
Clyde
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - - -
<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 16, 2001 09:09
Subject: Re: [RT] Thoughts for
Weekend
Referencing the Weekly/Daily SP and ND charts I posted on
Thursday ... SPclosed the gap and is now very close to the W.1 rally high.
Hourly worksuggests Friday's low may have completed a w.3 of w.3 decline
which suggestsa w.4 rally followed by a w.5 decline to complete w.3 down.
The W.4.3 shouldgive it a bit of a pop here followed by a resumption of
the decline. If thisis correct, the W.1 high is likely to be violated by
W.5.3 and if not, byW.5 putting the entire rally into question. ND weekly
closed below theimportant 1755 support level tested 3 times previously so
the ND is addingweigh to the bear market rally case.I haven't
posted the 72/73 bear market comparison charts in a while but theyare
fascinating ... will post this weekend.Earl----- Original
Message -----From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Saturday, June 16, 2001 7:35
AMSubject: Re: [RT] Thoughts for Weekend> Clyde,>
Interesting but AGET also has a target down in that 1000 area.. The
PTIis> on the edge though which is a measure of wave 5's ability to
make a newlow.> Below 34 normally indicates "look" for a double
bottom or a "failed 5th> wave" (one that never materializes). The
ellipse tool caught the wave 4high> almost exactly (as did the 50%
retracement W2 to W3), wish I would haveseen> that before,
hindsight now.>> Maybe the pattern looks too good to be true.
They never make it that easydo> they? Other posts seem to indicate
we are ready to rally, as does your> STimer if the projection
holds? Anyway another view.> don ewers>> ----- Original
Message -----> From: "Clyde Lee" <clydelee@xxxxxxxxxx>>
To: "SwingTimerTS2k-List" <SwingTimerTS2k@xxxxxxxxxxxxxxx>> Cc:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Friday, June 15, 2001 9:02
PM> Subject: [RT] Thoughts for Weekend>>> My
thoughts for the weekend.>> Clyde> - - - - - - - - - - -
- - - - - - - - - - - - - - - - -> Clyde Lee
Chairman/CEO (Home of
SwingMachine)> SYTECH
Corporation email:
clydelee@xxxxxxxxxxxx> 7910 Westglen, Suite
105 Office: (713)
783-9540> Houston, TX
77063
Fax: (713) 783-1092> Details
at:
www.theswingmachine.com> - - - - - - - - - - - - - - - - - - - -
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