Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (1353)	10/5/1998 11:27:00 PM
From: Tom Byron	Read Replies (1) of 81783

Searle: Finally got a chance to take a look at the S&P 500 Index chart you posted a few days ago. Besides the Digisys chart, I also looked at the CBS Marketwatch Weekly S&P 500 charts with stochastics, etc. and also, Bigcharts. Com (my favorite)...Boy, was I surprise and rubbing my eyes. Assuming that all these charts have been updated for the Friday closing weekly figures of last week, I can only come to one conculusion. The S&P 500 is GOING DOWN THE TUBES BIGTIME!!!!! What you saw on the Digisys weekly chart still shows what on Bigcharts would be the S&P is ONLY still in its 5th wave up..(Explanation: the various charts use DIFFERENT NUMBERS to calculated the movements of the "slow and fast" stochastics. It appears that Digisys moves at a slower pace that the other two weekly charts. Don't know what numbers Digisys uses)..The other two, CBS and Bigcharts surprised me by showing that the fast and slow were just crossing or about to cross. Man, after last week, I would have thought that the crossings would have been more firmer. BUT, I was trying to calculated this in my head with out looking at charts. (so much for that idea).... Anyway, IF these weekly charts have been properly updated for last Friday's close, WE ARE JUST BEGINING THE 6TH WAVE DOWN. Don't see how any good came come of this for the financials. Mr. Bob Pretcher of Elliott fame may just have his day. ...better go out and buy one of his newsletters while they are still cheap... Tom (One Surprised Guree) @ Rubbing His Eyes In Disbelief...:( ...Glad I'm not in this market. (at sleeping peacefully at night)

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