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If we stick with weekly data, a medianline, the
swingmachine channel and some extensions, then 7,000 to 7400 define the
"box" for part of July, August and part of September, ignoring the distortion in
TS2k line plots.
bobr
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Clyde Lee
To: <A title=MedianLine@xxxxxxxxxxxxxxx
href="mailto:MedianLine@xxxxxxxxxxxxxxx";>MedianLine@xxxxxxxxxxxxxxx
Cc: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:Realtraders@xxxxxxxxxxxxxxx";>Realtraders@xxxxxxxxxxxxxxx ; <A
title=swingmachine@xxxxxxxxxxxxxxx
href="mailto:swingmachine@xxxxxxxxxxxxxxx";>Swingmachine
Sent: Friday, July 19, 2002 9:23 PM
Subject: [SM] Re: [MedianLine] Log
Chart:Quarterly SP500
First, I apologize to those of you who are
members of more than one of the
three lists that I am posting this
to.
This post is to try to put some real perspective
of this "bear" to all prior
bears since (but not including) the 1929
fiasco.
As you will see, we are in a zone where it is
really hard to estimate whether
investor confidence will recover enough to turn
around very soon or if we
are to be drug down to some of the further depths
to which the market
has been subjected in prior years.
Later this weekend I will modify the SM program
and only record down moves
that have lasted 4 to 8 months and post them on a
chart similar to this so we
can have some more ideas of what may happen very
soon.
The interesting thing is that even if we are not
at the bottom, two years from
now we can expect to be somewhere in the range of
9,500 to 15,000.
If the latter figure is true (and a bunch of
projections point in that direction)
then we could have an increase to 200 % of
present value of a portfolio if
we just bought the DOW stocks.
Kinda scary/amazing is it not ? ? ?
?
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - -
- - - - - - - - - - - - - - - - - - - - - - - - -
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