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Strategies & Market Trends : Bear! -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (66)5/5/1998 8:53:00 AM
From: Lucretius  Respond to of 271
 
liked your chart!!! i predicted the same thing about 4 weeks ago (which probably means it won't happen)except I saw the crash( breaking of the neckline) being in Oct. if you'll notice the daily charts of the banking index and the NASCRAP all appear to be putting in head and shoulders patterns.



To: Worswick who wrote (66)5/7/1998 1:01:00 PM
From: Les H  Read Replies (1) | Respond to of 271
 
An alternative scenario can be found in decisionpoint.com
Under the Chart Spotlite page, the market forecast chart has 9700 target then a drop to as low as 7300. Both the recent top at 9250 area and 9700 would be as a result of Dow hitting resistance in the current trend channel.

He utilizes a 4-year cycle and a 9-month cycle between lows to hypothesize major lows for the market in October.


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