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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (195907)4/11/2009 10:54:44 AM
From: ajtj99Respond to of 306849
 
Excellent observation, Les. That's the area I'm looking at for a high on the SPX.

I think we're in a range for the next 2-weeks that extends from 815 to 875 SPX. After two trips to 815 I think we move up to test 890-900 SPX before distributing shares in a June/July 2001 manner.

Often times CSCO's earnings in May have turned the market. In 2002 it moved us up from a low into an op-ex run. May 2005 we had a major low going into CSCO's earnings, and May 2006 we had a major high we dropped from at the same time. May 2008 the earnings were very close to the eventual market high.



To: Les H who wrote (195907)4/11/2009 1:51:06 PM
From: PerspectiveRespond to of 306849
 
Had to think about that one for a minute.

0.236=0.618^3

<g>

`BC



To: Les H who wrote (195907)4/11/2009 2:04:24 PM
From: PerspectiveRead Replies (4) | Respond to of 306849
 
FINALLY found a chart of mutual fund cash levels. Amazing - following the worst drubbing since the Great Despression, they're still sitting at 6% cash as of February. BTW, this is yet another datapoint arguing that 2007, not 2000, was *the* secular top. Those numbers have to go a LOT higher before this affair is done.

home.comcast.net



`BC