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--- In realtraders@xxxxxxxxxxxxxxx, delta88343@xxxx wrote:
>
> So far, this market is having a tough time moving towards the next
> intermediate term cycle high. This can be interpreted as a sign of
weakness.
>
> Any other perspectives?
<snip>
A while back my work showed a top for the SPX at 958. The chart can be
viewed at
http://epcalc.netfirms.com/Data2/snp1127.gif
The high for the SPX came in at 954. This also correponded with an
EPcalc generated energy point cluster of 12/2 and 12/3 which I had
previously posted on another discussion group. This also corresponds
nicely with my delta analysis which showed a high scheduled for
11/29. As a result of this analysis, my perspective as of December 2nd
was that the market has topped.
That is still my perspective.
Regards to all,
Ned
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