Arb, I just printed out a copy of his "Special Report". For the S&P index, his intermediate-term time and price projections on the upper end were January 5th, 1999 and 1285.04. The actual #'s so far have been 1290.50 as a high and 1287.00 as a close on January 8th, 1999. He said that "if a market continues to trend beyond a high probability time projection for a trend reversal, the market usually continues to trend at least into the next time projection. If the S& P should continue to advance beyond early January 1999, the bull trend should continue at least into February, 1999." For the week since January 8th (01/11/99-01/15/99), the S&P has had 5 consecutive lower highs. The close on Friday the 15th was the only day of the week with a higher close than the day before. So far he has missed his time projection by 3 days and his price projection by 6.46 points. I do not have enough experience to claim weather these #'s constitute a continuation of a trend or a major trend reversal. If we are still in a continuation of a trend his next targets from the monthly S&P chart are time, February, 1999 and price, 1355.30-1385.25. Only time will tell. By the way, what other information were you looking for?
Best regards,
Lenny |
