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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (9685)12/29/2001 5:14:03 PM
From: Chip McVickar  Read Replies (1) | Respond to of 19219
 
Hello JT,

The Months of December and January appear to be windows that have been pegged as an Inflection Point and an Acceleration Point for the general markets.

These windows are always open to movement in both directions, but suggest the acceleration should be strong.

Carolan Spiral is calling a major top
Big Solar Eclipse on the Dec 14th is aiding fuel, with similarities to solar eclipses that occurred on 11/1/1929 and 9/18/1857.

Astro with Saturn-Pluto aspects calling for a major Low between Nov 2001 & May 2002.
Fib 55 days after Sept 21st low was on 12/07 and the day before maked a major high. Today their's a double top, waiting to be either substantaly broken or sold off. This area corresponds to a weekly DJIA Andrews Pitchfork median line.

Adding to the mix there were a series of '7' Bradley's each falling within 6 week period ending on the 25th of Dec. with a Helio short.

In my short time with the CLX/CLXPP/AYDIS work sheets, I'd have to take a guess and say the system is now also at a pivot point.

The system has displayed remarkable strength over the last 70 days and any weakness has been over come..., it looks to be at a "push comes to shove" area in picking a direction. But any break down wouldn't be surprising.

My NYSE 25 day sumation OB/OS Spread Sheets have flagged over bought areas and printed a triple top over the last two weeks.

Other of my own timing methods have targeted January 2002 as a major trend establishing area. And the weekly pitchforks are indicating resolution areas. All this suggests the markets have reached an inflection point.

Looking at Gold and Silver far out calls.
But with so many Bears around all the stimulous I find it hard to short the indexes.
More Later.

My Best to You for 2002 and Thank You for the work ups over the weeks.

Chip



To: J.T. who wrote (9685)12/30/2001 4:06:44 PM
From: J. P.  Read Replies (1) | Respond to of 19219
 
Perhaps higher, but the 200 DMA on the major indices has proven to be tough resistance.

stockcharts.com[m,a]daclyyay[d20011001,20011231][pb50!b200!i!d20,2][vc60][iUi14,3!Lh14,3!Lk14]

If it breaks through, maybe higher. If it fails, we may see a retracement down.