Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Tom Byron who wrote (5750)	5/1/1999 7:47:00 PM
From: Tom Byron	Read Replies (1) of 81122

for those who might be interested: looking at the monthly chart with slow stochastics, i note the following. we had a crossing over of the red and blue on the spx monthly in mid-february. while the red and the blue are still over the "80" line, i feel that with the current 38 weeks cycle nearning it end and thus we have downward pressure exerting itself of this index, that THE TOP IS IN FOR THE S&p 500. it has on the monthly chart now completed a 9 waves movement up from late 94 BUT (most importantly) has also ended the higher degree 9 waves up from 1982. feel that this month's action (may, 1999) will push the red and the blue down under the "80" line to give a strong signal that the bull market is over.. the dow monthly chart is still ambivalent in the stochastics area seen at the bottom of the chart. the russell 2000 (rut) monthly top at 9 waves back in april, 1998. it now shows a crossing of the red and blue stochastics in mid-february AND is clearly under "80" already. Sorry, I can post those charts on the current computer i have at the library. will try to remember to post them (the monthly) charts on monday morning.

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