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Strategies & Market Trends : Buying SPLITs and other Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (1161)	4/26/2020 12:07:59 PM
From: Terry Whitman	Respond to of 1163

FORECAST UPDATE: No change based on Nasdung still staying below prior high. May test the 8684 level this coming week. If so, we will adjust the time correlation.Price projection is higher, @ 8800. One error in the correlation may have been the correlation constant. Since the drop and recovery lasted 45 and 50% of previous metrics, I took 50% as the correlation. If one figures in the length of the previous and current blow- offs, we would get a higher correlation constant. The avg. corr. constant of the three comparison metrics is 0.62. Fibonicci, like number. That would put the projected length of the current bounce at 5 weeks, giving us a turn lower this week- from 8800, although odds are we won't reach that level. At least a 25% chance that we have already hit the recovery highs- Then 50% of 8684 to ~8800. 25% of higher than ~8800. TW