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Using a one year analysis of internals and charts I follow re. DJI:
1. Buy Oct '02 8300
2. Sell Dec '02 8500
3. Buy Mar '03 8200
There is a potential sell in the week of 9/28/03. The same scenario set up
in Aug '03 but the trend continued up. This could be a repeat of trend
continuance with a head fake or a trend reversal.
Using a two year analysis of internals and charts I follow:
1. Sell Mar '02 10,100
2. Buy Oct '03 8300
3. Sell Jan '03 8700
4. Buy Mar '03 8200
The two year appears intact for a continuance of the upswing.
I think it means to be on our toes...I have an open mind...and will let
Mr. Market decide.
Sincerely,
John
> I have a TEN buy condition for all major indexes for Monday.Ten buys
occur when we have a Near Impulse forecast combined with the market at
the bottom of a channel and a %R buy signal. There is a high probability
of an up week with another reversal on Thursday or Friday.
>
> Jim White
> PivotTrader.com
> Home of the Near Impulse Forecaster
>
>
>
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