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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: M3SMG who wrote (5340)3/3/2005 10:40:04 AM
From: Chip McVickar  Respond to of 12411
 
>>>Chip McVickars S&P Market Read<<<

Thank You for the ewave count... always helpful to the illiterate. <smile>

Being basically a trend follower... my work is still UP --- signaling strength and buyers participation
Especially after March 15-30 into July and test of Highs
Oct 2005 as reversal window to watch

Internal Studies:
CLX-CLXpp-AYDIS... all showing bottoming patterns
30 day offsets... powerfully set up predicting rising prices
25 day cumulative sum... is over bought but not at extremes
Arms/Trin... positive read and signalling market strength
PCRatio work ups... positive read signalling calls are strong
NYSE ADV/DECL... positive trend

Trend Studies:
short-term... UP -- (recently flat to down)
Mid-term.... UP
Long-term.... UP

Time Cycles:
short-term... UP -- (recently reversed)
Mid-term.... UP -- (in a window)
Long-term.... UP

SPX Charts:
Positive and holding up

Spiral SPX Charts:
Daily --- 4 days to the r-open wall
Weekly -- out thru R-open wall --- up against L-open wall

Market Sentiment:
Positive to Cautious

Astro:
Warning signs of Market window for Trend Reversal in Jan-Feb-March 2005
Numerous characters and savants are calling for the end