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Strategies & Market Trends : Galapagos Islands

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To: X Y Zebra who wrote (32739)3/17/2003 10:15:57 AM
From: X Y Zebra  Read Replies (1) of 57110
 
Conclusions
1. A MAJOR ZIGZAG in the SPI has completed last week at 2679
2. This low may be the start rally of the war rally that everybody has been conditioned to react to like Pavlov’s dog by that the FED, Bush, and all
the cable television programs that have debated the war rally.
3. The view has been presented that the U.S. economic recovery is on the way and that the only thing stopping it is the uncertainty of the war.
4. The expectation is that this rally is a correction in a BEAR MARKET and not the start of a new BULL PHASE.
5. The COMPLETION OF SUCH A LARGE ZIGZAG SUGGESTS THAT THE CORRECTION MAY LAST FOR SOME TIME.
6. IF THE LOW OF THE ZIGZAG IS TAKEN, THE BEAR MARKET RETURNS IN FULL FORCE.
7. The initial expectation is that the SPI will recover 61.8% of the last down swing from the January high. If the SPI recovers above that, the
recovery may be much more substantial.
8. Until show otherwise the SPI’s trend short term is up.

csf.colorado.edu
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