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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (33558)1/30/1998 9:32:00 AM
From: Greg R  Read Replies (2) | Respond to of 58727
 
Lisa - (past & what next) Dec 26 I predicted DOW to likely peak at 8010+/- last week of Jan. (Inpathique's Dec 28 Newsletter set the date as January 29) Message 3042665

On Jan 19 I indicated the DOW would temporarily peak Jan 21 (really was Jan 20/21) and then drop for around four trading days (dropped for 3.5 days). At that point, given its excessively bearish patterns I was not sure whether it would continue down or proceed with a normal finish to this bull run. (I took long positions Jan 23 when the DOW went too low). It appears to be following the normal bull run's finish, although as mentioned the final peak is expected to be five trading days later i.e. first week of February as high as 8050.
Message 3202316

What next:
1. The DOW is expected to decline for three days. Each day its intra day's being around 20 points lower than previous trading day's.

2. Tuesday afternoon or Wednesday, the DOW starts up again reaching a maximum of 8050 +/- Feb 4 to Feb 10. I am expected a soft top as it bounces a long a ceiling. Let me repeat a note on this ceiling that I mentioned in: Message 3065585
The ceiling is determined by 5 to 7 year old patterns. That is a long way to extend a line without running the risk of a drawing error. If so, the 8050 point could be out a little. If it is, I will use the opportunity to increase the accuracy of the chart for future predictions.

3. Then a slow decline to 7940 ish Feb 19 +/-

4. A slow 20 point per trading day rise to the last peak which probably occurs Feb 19 or Feb 23

5. A steady decline except for one jerk up around March 4

6. This far in advance, I expect the low to be in the 7600's during the second week of March

7. The DOW rising through 7820 March 25. This is another of those X-overs. Although the DOW could hit 7820 before March 25 for a bit and certainly after, it is expected to be rising through 7820 for a few minutes on March 25.

Did you know the guide to Inpathique Analysis is increasing in price to $190 starting Feb 1 and $290 on March 1?