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To: Tom Byron who wrote (12581)11/28/2001 7:45:52 PM
From: Tom Byron  Read Replies (1) | Respond to of 81753
 
just a little reminder about that spx channe from a oct 9th posting looks like the spx has bounced off the top of that channel this week......:):

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To:Searle Sennett who wrote (12309)
From: Tom Byron
Tuesday, Oct 9, 2001 10:46 PM
View Replies (1) | Respond to of 12582

here is the weekly spx bar chart which covers the period from 1/1/00 to 12/31/01 (12/31/01 not yet here, of course)...:)

parallel channel lines can be drawn in the following manner:

the bottom line starts from the april, 2000 lows and crosses below the march, 2001 low and the recent sept 2001 lows.

the top line touches the early sept 2000 high and touches, crosses over the may 2001 high...both lines can be continued
down to the right hand border which represent 12/31/01 year end. (note that the high for the spx was in march,
2000....the point where the channel starts.)

eyeballing the channel the lines look to be quite parallel to each other.

the point of the above exercise is the the ending of my current 9 waves down from 11/17/00 ends on 12/21/01 (or one
week prior to the ending of this chart (the right hand border)...and, importantly, the bottom chanel line for the spx comes
in at the price of about "875" (eyeballing it)...

so one might concluded that the low for the spx will be/end in the area of 875 before we end this portion of the bear
market and begin the next 3 years + bounce/move UP!!!

giree tom @ saying " ya can take it to the bank"..preferrably my bank.......:)

bigcharts.marketwatch.com

guree tom @ posting toast.



To: Tom Byron who wrote (12581)11/29/2001 4:47:49 PM
From: sea_urchin  Read Replies (1) | Respond to of 81753
 
Guree, I'm not sure about a dramatic picture but, while attempting to mount that damn Normandy bitch, my dog sustained a heart attack and collapsed!

stockcharts.com



To: Tom Byron who wrote (12581)11/29/2001 5:25:21 PM
From: sea_urchin  Read Replies (1) | Respond to of 81753
 
Guree, would ya like to see how the SA rand lost 25% of its value in six months?

exchanges.barchart.com

Soon Afghanistan money will be worth more than South African --- in fact, it may already be!