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Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?

To: Cage Rattler who wrote (369)	1/6/1998 12:04:00 PM
From: Kapusta Kid	Respond to of 745

Ted, this morning, I did some DGL projections for the S&P500 (cash). The results were eerie. With 4 sets of points, the projections put a top on the market at yesterday's levels. In fact, the S&P500 close for the last 4 days ran right along the Level 1 Resistance Line. In addition, the confluence of 3 sets of projections is "framing" the S&P at a resistance of 978 (L2 986) and a support level of 950. There is another convergence of support lines at 925. But, the levels are dynamic and project into the future, so they change from day to day. Your interest got me looking at this again. In fact, I emailed Don Fisher this AM about rejoining his group. As for WAVE WISE, it probably doesn't do a lot of the things Super Charts or some of the other packages do, but it has its own niche. It's a different kind of spreadsheet/charter. GZ, maybe I am a believer..Pete