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 : Stockman Scott's Political Debate Porch
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Willie CB who wrote (1831)7/11/2002 10:23:04 AM
From: T L Comiskey  Read Replies (1) of 89467
 
Posted by: George Cole
In reply to: None
Date: 7/11/2002 10:19:34 AM
Post # of 2019

Long-time bears Sandspring Advisors now in the Bull Camp.

Long-term subscribers know that if we have a tendancy at Sandspring.com, it is sometimes to be a bit early in our
prognostications, rather than late. The basic convergence of a market low at our cycle date in late June together
with our espoused 970 target on the Nasdaq 100 beached reached within the same time window, sent us springing
though the gate in our Monday subscriber-only missive calling for a significant market reversal.

The timing of that article's release was not perfect in the short term, as the market experienced a sharp pull-back
Monday and Tuesday, but looking at the chart above of the S&P 500 on an hourly basis, we still feel there is a
reasonably strong chance that a triple bottom is in the process of forming here. If we end up being wrong about
this, then perhaps one more thrust to the bottom of the depicted red channel line (approx 928) is needed, but
we'd still expect a major low to be forming in July. As is our occasional prcoclivity, we may simply end up having
been a bit early. But then again, our cycle work and Fibonacci work both jibed, so we had to go with them.

Much the same can be said for our dollar view. We have previously espoused a target of 1.00 on the euro and
.6833 on the Sep Swiss franc. Both are close at hand. We'll allow for a possible overshoot up to around 1.01 on the
euro and .6890 on Sep SF, but likely no further on either. Dollar bears should already be in profit taking mode. Do
not get greedy. We would not go short the euro or SF, but we would certainly consider actively selling the yen
here. The Fibonacci rhythm depicted on the hourly chart below looks nice and tight and complete.
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