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hi gang....
The following from Dorothy on the current market; always of
interest.
***********************
This cycle that came in pre
market today... since August has come in 2 days late. The
signature of this pattern has been to be choppy and to go one
direction to make you think the turn was in (as a high?) only two
days later to give potential for a flip (for a low) I have two
other cycles that could indicate a peak here Dec. 5-6. If
market sells off into Fri/Mon .. then I'd look for a rally
potential into Dec 14th with increased volatility expected +-3 of
Dec 14th either side. If FED does not ease and
Argentina defaults then rally probably over
Lindsay counts also indicate
turn here
Top to Top
count
Aug 22 day 106 (average
107) comes in on Dec 6
last hold up day 113 is Dec 15th
(Sat.)
Low Low High
counts
1-12-01 to
6-12 due Dec 5th Note down
started after 6-12
5-9-01 to
8-22 due Dec 5th
6-1- to<font size="-1"
color="#FF0000"> 9-10<font size="-1"
color="#000000"> due Dec
10th 911
drop
Reply-To: "Dorothy K. Carter"
<dorothy.carter@xxxxxxxx>
From: "Dorothy K. Carter"
<dorothy.carter@xxxxxxxx>
To: "Jerry Swanson" <swanwoods@xxxxxxxxxxxxx>
Subject: Re: A note to Dorothy
Date: Thu, 6 Dec 2001 20:56:09 -0500
Organization: RJFS
X-Priority: 3
Hi Jerry: great to hear from you.......I'm sure Norman told the
group about
"combust"... sun conj merc is powerful stuff which
has powered the last
push up.. and in mutable signs... "expect the
unexpected"...so that pretty
much tells the story.. Keep in mind that having the market come back
as
strong as it has.. has been in the countries' best interest...
"National
Security"... manipulated markets are strong but as bonds did
after the
discontinued 30 yr bond rally... unwound badly...
I'll send you a separate email with some info... If yesterday was not
the
high then yes I would guess that Dec S & P can see 1187.30
or 1199-1200..
I've even seen some look for a reversal from above 1225.
The US $ has
reversed giving downside targets 112.91.. Bonds collapsed
to targets I
gave group as did crude collapse... There is a positive cycle that
comes in
this weekend that could turn crude oil up into mid January.
Bonds are at do
or die time... below my 102.02 target bonds should collapse to
98.04. It
would not surprise me to see the FOMC hold rates unched on
Tues. Argentina
is within days of being forced to devalue their
currency.... Japan economy
is going to hold down any "perceived" turn around in our
economoy. Copper
has reversed also giving downside targets suggesting that the economy
is not
as strong as stocks are suggesting. SO... For me the next 3
days are key.
I'm leaning toward possibility that peak is in. It seems that
most are now
conviced that SPZ will see 1200+ ...It would not be a surprise to see
SPOOS
at 1200 but it may catch most off guard if peak is in. I expect
retest of
Sept lows as soon as Dec 21-24 and expect the Sept lows to be taken
out
within the next 90 days. stay in touch.. Dorothy
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