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Strategies & Market Trends : The Matrix

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To: sun-tzu who started this subject	3/16/2003 9:32:11 AM
From: sun-tzu	Read Replies (2) of 917

Despite the last few trading days, I see nothing to conclusively indicate a primary trend change. If the $SPX was able to clear 850 with volume and breadth, I would change my mind. With the above as my market gestalt backdrop, I anticipate a move up to $SPX 850 on tepid volume. This would serve to sucker long money and keep the relative short interest on the light side. It would also give pierce and sucker moves on the fast/slow sto's. A decline off of 850 would set up a d-blow on the fulls (Jeff's system). Interestingly, this scenario would keep the 69-70 retrace strikingly valid. I am curious to see what Zoran's count will be for this past week. And, I'm also interested to see where that count leads next week's action. As much as I dislike "predictions", I do like patterns and systems that work. Therefore, I'm sticking with the above and using a strong push past 850 as a signal to reevaluate. I like Adam Hamilton's waterfall indicator with the 50EMA on the $SPX. It provides further strength to trading this move. zealllc.com In summary, I am looking to reestablish RYTPX at $SPX 850.

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