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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (10112)6/25/2001 3:31:16 PM
From: John Madarasz  Read Replies (1) of 52237
 
PRESS RELEASE 6/22/01:

The Futures Fax "Keeper of the 1929 top comparison" has gone from "off crash risk" to "Early Warning Crash Risk ."

The recent market top was May 21, 2001. We are now 31 calendar days since the day of the high. The current market pattern is following the "pattern" of the 1929 top that led to a market crash between 50 and 60 calendar days after the top in 1929.

The "Early Warning" is in response to a market top pattern that is following the general pattern of the 1929 top. "Early warning" can be issued 1 to 35 calendar days after the top. "Yellow Alert - On Watch Crash Risk" can be issued 35 to 50 calendar days after the top. "Red Alert - Imminent Crash Risk" can be issued 45 to 65 calendar days after the top.

For more information, see Saturday's "Futures Fax stock index commentary" at www.futuresfax.com

The EARLY WARNING CRASH WATCH is based on the pattern of the 1929 top which usually does NOT follow through. The pattern is usually broken near the "40 day corner." Let's cover the short S&P trade and monitor the market over the next few days. If we get the rally next week and if it starts to fail the week after I'll consider putting on new short positions. But, let's stand aside on watch how things unfold.

commitmentsoftraders.com
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