SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Dutch Central Bank Sale Announcement Imminent?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tom Byron who wrote (8997)3/19/2000 5:54:00 PM
From: Tom Byron  Read Replies (2) of 81068
 
current thinking on the s&p 500 cash index with slow stochastics:the comment below are the "bearish" view for the s&p 500.

as of the moment, the late dec, 1999 intra-day high has not yet been taken out...believed it missed that number by a point or so with last friday's action.

we have currently completed "11" weeks from that high of the last week of 1999....we had a recent bottoming "during" the ninth week down from that top for the s&p. so one can say that we have now completed 2-3 weeks of a "bounce"of the downturn which started 1/3/00.

if we are still in a bear market for the financials, then we have finished, or, have almost finished, a 1-2 of the 1 down 2 up and 3 down move for the current 19 weeks cycle "down" which began 1/3/00. that would mean about 8 more weeks of downward action TIMEWISE for the s&p 500.

both the dow industrials and transportations broke last octobers lows and was waiting for the s&p 500 to do so also,
but with last weeks action in the markets to the upside, looks like i have to wait awhile for the s&p 500 to break it's oct lows.

but, if the s&p 500 highs are broken significantly to the up side...then i guess i have to throw in the towel...:(

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News