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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: zora who wrote (10272)	2/28/1999 10:17:00 PM
From: Trader J	Read Replies (2) \| Respond to of 56535

Market Update: This from a non-SI member who lurks here. A good analysis, know his stuff and works at it obviously. If you are reading this Joe, please join SI, we need your talents here. ;) --------------------- Hi Jeff, Each month I update 36 economic indicators. I developed this system of identifying stock market conditions to be used as a basis for my trading during the up coming month. Most of these indicators were developed by great money managers and only a few by me. They have proven to indicate market conditions and direction consistently over both bull and bear markets. Some date back to the 1800's. It took me 10 years of earnest study and extensive trial and error to put this list together and I have successful utilized the information over the past 5 years. These are the primary indicators used by possibly every money manager today. I did not try to determine exactly what the market would do in the next month when I put this together. I just wanted to know what the big money, traders, and market controllers were going to do. So this is what their indicators are telling them. And this is what they will do I'm looking for another 2% drop in the S&P 500, down to 1214 before the end of March. This may not seem like much information but it sits in contrast to the great rebound I think most are expecting. These are the changes. MACRO Indicators :M3 adjusted for inflation is trending down . Rising money supply has fueled this market . Also lumber prices have stabilized. VALUE Indicators: Mortgage Rates have risen. Although it appears we are slightly overvalued what is interesting is the strong drop in macroeconomic indicators over the past 2 months. This was the foundation to extended PEs