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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (25379)12/3/2001 11:20:28 AM
From: Les H  Read Replies (2) | Respond to of 52237
 
Seasonality would indicate a dip into the second or third week of December, followed by another rally. My SPX signals were indicative of a top a week ago. My last buy signal was a weak buy signal, usually indicative of a 4-7% rally, at the October low of 1059. The next rally could be a lower peak. Mueller is expecting a 50% retracement of the bear market to 1240 after a roughly one-third giveback of the fall rally, a pullback that could last till the end of the month. I think his target is 1190, but he also cautioned that his work is primarily time cycles and not price projections. After the January rally, I think he expects a retest by March/April.