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--- In gannsghost@xxxx, "topos8" <topos8@xxxx> wrote:
This is being written as the bonds and notes are closing for the day
and the S&P is trading at 1090.
My calcuations with the square of 9 are based on the idea that when
price squares time the trend reverses.
It looks like the bonds and 10 year notes established high points
today marking the start of a downtrend which will carry below the
December low points. In GG#8856 on January 25 I projected a move in
the bonds to "well over 105" and one in the notes to 108. My
calculations today show intermediate term resistance at 105-00 in the
bonds and at 107-16 in the notes. This is the first time during the
move up from the December lows that either market has encountered
resistance strong enough to stop the intermediate term uptrend.
My calculations also show very strong support in the S&P in the 1070
to 1075 range. This market should now be on its way into the high
1200's.
The only fly in the ointment now is the Nasdaq 100. I show support
down near 1230. The market should have held 1400 but didn't. I don't
know what to make of this.
Carl
--- End forwarded message ---
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