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Strategies & Market Trends : P&S and STO Death Blow's

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To: exp who wrote (16259)11/21/2002 12:38:52 PM
From: Jeffrey S. Lillie  Read Replies (1) of 30712
 
To add to your list i was just looking at weekly charts for the spx, dow and ndx. their fast stochastics (10,10) are all pegged above 98. in almost every case on all indexes (exception being post sept 11 dec-jan) period this has been followed in the following week by a significant top none of which have been exceeded.

summary: There is a very high percentage probability that the top will be in this or next week and will stand for at least 6 months.

these charts, the bull/ bear stuff and a slew of other indicators say agree.

Prepare to short/ put the market and exit longs. If only we could stay up and close at the highs i will open my RYVNX position.

jeff
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