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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (47265)	6/15/1999 5:10:00 PM
From: Ilaine	Read Replies (2) \| Respond to of 86076

>>>>>bonehead question... what is "-s-"<<<<< Michelle, I'll give you two hints: it's not "smile," and it's not a nice word.<g>

To: Lizzie Tudor who wrote (47265)	6/15/1999 5:14:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

-s- = sarcastic.

To: Lizzie Tudor who wrote (47265)	6/15/1999 9:54:00 PM
From: John Pitera	Respond to of 86076

S is definitely sarcastic, that is how it is used here almost all of the time. Here is what Peter E is saying tonight. Peter Eliades' Stockmarket Cycles update for Tuesday, June 15, 1999. A technical breakdown has not yet been confirmed, but it does appear immanent. Today's reading on the S&P Daily equivalent Coppock Curve was 45.88, exactly matching the 1998 low of 45.88 on December 17. Tomorrow it would be almost impossible to turn the daily Coppock Curve up. It would require an advance of over 111 points on the S&P Cash. That means that it is almost certain that that indicator tomorrow will move to a two year low. It would still have tentative support at the 1997 low of 45.33 or the 1996 low of 45.41, but it appears almost inevitable that all those support levels will be taken out within the next few days. Should that occur, it would paint a bearish picture for the S&P Cash and thus the overall market. Telling a very similar story is the ratio adjusted McClellan Summation index which today slipped into negative territory with a reading of 3. While doing that it broke below a short term uptrend line on the Summation Index and is close to breaking below the uptrend line from the September 1998 low through the early March of 1999 low. That break would be a much more serious negative and it could happen around the time the S&P daily Coppock Curve breaks below its long term support ledge in the market, if the market starts down for a few days here. In order to generate significantly lower projections the market needs to decline sharply almost immediately. We have projections that tell us a sharp decline will be overdue within a few days at the most. Mutual fund switchers, Rydex switchers are in the Ursa fund. Fidelity Select switchers are in cash. All mutual fund switchers should call daily after 3:20 Et and each market evening for the possibility of changes in instructions. Stock Index futures traders were stopped out of the September S&P short positions at 1317.90 for a $5.40 profit. Tomorrow sell short the September S&P on a break of 1309.00 with a stop at 1319.20. There are no new projections on bonds or the XAU. Have a great day. We'll talk to you tomorrow.