Perhaps we could fill a room with thirty or 40 on line computers, set one hyperactive child in front of each monitor, call it a video game and use the output consensus to trigger buy/sell programs.
Call it "hour traders"
Slopes .. real damage has been done to the 200 (calander) day S&P500 simple moving average slope. Slope is now only positive ~0.567 points per day. Since the starting point of the average, that I'm watching, is ~2/3/98, the S&P will have to average up ~3 points per day for the next couple of months just to keep the same slope.
If we average the same as the current 50 (calander) day slope, the 200 day will turn south on 9/14.
Every other dip or correction that we've had has done only minimal damage to the 200day slope. I currently have values for the 200, 50 and 20day averages at 1098.65, 1128.04, 1087.21.
Just in case you haven't seen this about next week:
Involves Japan, Yen, banks, US bonds, probable drop in the value of the dollar...
Message 5531646
Gersh |
