Classic TA Workplace Message Board

STOCKTALK

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.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LTK007 who wrote (3163)	5/22/2001 9:36:23 PM
From: John Madarasz	Read Replies (1) of 209892

Some interesting commentary here... Here is an interesting time comparison to put in your special file... George Slezak from commitmentsoftraders.com tracks market tops for the time count from the day of the high, looking for a volatile move coming between 50 and 60 calendar days after the top. He has a chart that shows the recent big couple of up days came 55 days after THE LOW. The 18th was the 55th day since the day of the low. The Thursday and Friday up move was the 54th and 55th calendar days since the low. In 1929, the CRASH was the 54th and 55th calendar days after the high. The crash in 1987 came on the 55th and 56th calendar days after the top, and the weeks after were extremely volatile, both UP AND DOWN. Yale Hirsch's Traders Almanac's SPX Monthly averages say May and June (the 3rd and 5th worst months of the year) are not great months for the market. But, If we have a top in early to mid June, 60 days later would put us in AUGUST, the worst performing month of the year for the SPX with the exception of September since 1950. futuresfax.com This would coincide with what would appear to be very poor Q2 and 3 earnings seasons. *all just random observations, trade at your own risk and visit Georges site to read his disclaimers commitmentsoftraders.com Best, John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next