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Here is PART of the report
CURRENT RATINGS
>From Timer Digest, P.O. Box 1688, Greenwich, CT. 06836-1688/ 203-629-3503
#3 Stock market timer for the previous one-year period ending December 4,
2001.
#1 Stock market timer for the previous 6-month period ending November 16,
2001.
#3 Stock market timer of the previous 3-month period ending November 16,
2001.
#7 Stock market timer for the year 2000.
DOW
WAVE DEGREE COUNT FROM DIRECTION TARGET
GRAND
SUPERCYCLE THREE 1784 UP Year 2012
SUPERCYLCE (V) 1932 or 1942 UP Year 2012
CYCLE V 12/6/74 UP Year 2012
PRIMARY
4 8/24/99 DOWN
.382 = 7927 .618 =5803
complete @8062 low 9/21/01
PRIMARY 5 9/21/01 UP Year 2012
INTERMEDIATE A 8/24/99 DOWN Complete @ 9731 on 3/8/00
B 3/8/00 UP Complete @ 11,401on 9/6/00
C 9/6/00 DOWN Complete @ 9106 on 3/22/01
D 3/22/01 UP Complete @ 11,350 on 5/22/01
E 5/22/01 DOWN Complete @ 8062 on 9/21/01
Target year of 2012 for the end of the great bull market is the work of R.
N. Elliott.
Within cycle wave V:
Primary degree wave 1 up (1974-1987)
Primary degree wave 2 down (1987 - 1990) running flat correction.
Primary degree wave 3 up (1990 - 1999)
Primary degree wave 4 down (8/24/99 - 2001 or 2002)
Primary degree wave 5 up begins on 9/21/01
Elliott wave is best explained by viewing charts. In that spirit, we have
provided more
charts and fewer words in this issue as the charts speak volumes in regards
to the
direction of the markets.
2
? Wave (2) = .618 of wave (1) @ 1319.? Wave c = 1.618 of wave a @1316.
3
S&P BREAKS ABOVE 1168 MARK!
As we have stated in recent issues, the 1168 mark in the S&P 500 index
represented a
critical area of resistance. Any move above that level would go a long way
toward the
larger wave count. The top chart on the previous page illustrates such
significance. As
noted in the 11/28 interim report, the S&P was "up against" significant
resistance
represented by the trend line drawn from the all time high back in March of
2000. The
move above that line signals that the five-wave pattern to the downside from
those highs
is complete. No matter what the count, five waves down are followed by three
waves up.
In the near term, the move above 1168 also signals the completion of the
pattern from the
5/22 high.
The chart in the lower section of the previous page (updated from the 11/28
interim
report) illustrates the near term wave count from the 9/21 low. Note that
wave c will be a
fibonacci 1.618 multiple of wave a @ 1316 in the near term count (correction
from 11/28
issue of 1329). In the larger wave pattern, represented in the top chart on
the previous
page, wave (2) will sport a fibonacci .618 retracement of wave (1) at 1319.
Both the near
term and longer term wave counts call for a rise in the S&P 500 of about 150
points from
current levels with a tight (three point) range. Remember, second waves
cannot retrace
more than 100% of first waves; therefore this bounce must remain below the
all time high
of 1552. It is worth noting that wave (2) will establish a .382 fibonacci
retracement of
wave (1) at 1176. It would take a move below 1107 to indicate that wave c,
and thus,
wave (2), is complete. The rise above 1168 on 12/5 moves us to a long
position in the
S&P 500 index.
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