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Re: [RT] SPX long term chart



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I agree,, in fact what came to mind when I looked at it was the 20 yr cycle
which would imply that we will take out the uptrendline this yr before a low
is in then see a sharp rally followed by a larger violation of the uptrend
line next year before a MAJOR low is in........... just an
observation...........     :-)  Dorothy
----- Original Message -----
From: "profitok" <profitok@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: "Vincent DONOVAN" <vdonovan@xxxxxxxxxxxxx>
Sent: Saturday, September 29, 2001 4:07 PM
Subject: Fw: [RT] SPX long term chart


> Hello
> I believe you WILL  see a penetration of this trend line in the very  near
> future  10/14-10/21
> that does not mean we will not continue at the  11%   gain every  (double
> every 6.5 years) ,, maybe  only 6-8%  and a double in
> 8-12 years,,
> nice weekend
> Ben
> ----- Original Message -----
> From: "Gary Funck" <gary@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, September 29, 2001 3:38 PM
> Subject: RE: [RT] SPX long term chart
>
>
> > Attached is long-term chart of the S&P on a monthly basis stretching
back
> to
> > 1980. I put this chart together last week, before the modest rally. The
> > chart shows that the S&P is now resting on the long-term trend line
which
> > has been clocking about a double once every 6.25 years (about 11% CAGR).
> >
> > If an investor were to assume US economic growth were to continue
> unabated,
> > with the bull-trend in tact, then clearly now is time to be a buyer.  A
> more
> > cautious approach would to wait for the trend to turn positive again
(the
> > lower line to cross above zero), which might take a while, from the
> oversold
> > level.
> >
> >
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> >
> >
> >
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>
>
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