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Attached weekly chart of SP continuous unadjusted futures shows targets for
a major W.C. The major problem is that the clock keeps ticking away on the
time portion without meaningful progress. Reaching the price/time targets is
going to take one hell of a fast and furious rally. The fly in the ointment
on that scenario is attached 6+- year weekly chart of SPX and VIX which
suggests to me that the market is in no position to mount a fast and furious
rally. Looking more and more like more fast and furious short term rallies
and declines.
Earl
----- Original Message -----
From: "Lee Morris" <LMorris@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, May 24, 2002 8:21 AM
Subject: RE: [RT] SPX index forecast
> I am basically agreeing with that plot only after a quick pullback to get
> the vix and p/c in better positions
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Attachment:
Description: "SpxAndVix.gif"
Attachment:
Description: "SpWeekly.gif"
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