RE: [RT] sp500

["Robert Pardo at Mindspring" <rep@xxxxxxxxxxxxxx>]

Whereas I have a great deal of respect for cyclic and market extreme indicators, all of my indications are that we are in the start of a bear market.

 

Of course, this is not to say that we will not see some counter trend rallies.

 

However, according to one of my major indicators, last month was the first bearish monthly close since April 2003 which was the last month of the last bear market.

 

Regards,

 

Bob Pardo

 

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ben
Sent: Thursday, February 07, 2008 10:07 PM
To: realtraders@xxxxxxxxxxxxxxx
Cc: TimeandCycles@xxxxxxxxxxxxxxx; vincenn
Subject: [RT] sp500

 

Attach is a gif of the sp500

 

 

The blue line is not the close

It it  the long term trading

an indicator that reflect where we are ,  in what stage ,

Top line is top

Bottom line is bottoming process,,

As you can see, we are  at a begging of an up move,

 

This does not mean a strait up from here,, but

it means we are closer to a bottom

(risk to down is only 15-20 sp points

reward to up 65-75 points)

Ben

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