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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (9690)	6/5/1998 3:31:00 PM
From: Magnatizer	Respond to of 42787

no problem. I always take notes when he talks. he brings new toys to me all the time. ggg ht david

To: Chris who wrote (9690)	6/5/1998 3:53:00 PM
From: Magnatizer	Respond to of 42787

Chris Jerry called for next week to be critical to the continuation of the bull market. He said we need to have a rally with good volume. Wants the DOW to get above 9312 interday. If the market does not rally and it falls below Mondays high we are in trouble in his opinion. The reason he says this is a formation which he says has been recurring at market tops since 1929. Sort of a double top formation. Here is how it goes. The market makes a rounded top. From the bottom of the downleg to the next market top is an average of 107 days (102-113 spread). If the market makes a top and it fails to continue in that time frame the market is turning bearish. Examples were for the following dates 5/13/29 to 9/3/29 113 days market turned bearish 11/23/36 to 3/16/37 ?days market turned bearish 5/12/87 to 8/25/87 105 days market turned bearish 1/23/98 to 5/13/98 110 days market....... If we break the 9312 interday the bull is still running and nothing to worry about til late July-August ht david

To: Chris who wrote (9690)	6/5/1998 4:29:00 PM
From: AlanH	Read Replies (4) \| Respond to of 42787

Candlesticks for SPX... Wow, what a day! SPX was chasing SP8M all session. Candlesticks were reliable today, with fewer formations. Trade commenced with Hanging Man which was non-confirmed. Immediately thereafter, Shooting Star was followed by Morning Star (both bullish) with confirmation. Uptrend reversed after 1:10, with no downtrend indicator; the lack of bearish formation/s suggested that the upward trend was overall intact. At 2:10, Hammer (bullish) occurred and was immediately followed by Morning Star; however these formations were not confirmed. At 2:40, Hammer occurred at the bottom of trend and was confirmed -- a signal to reinforce SPX related issues. If the analysis sounds retrospective, understand that in real-time I was trading on these observations. I will be happy to post observations near real-time (as practical) if a sufficient interest is shown. Otherwise, I'll assume the information is distracting. Have a good weekend.