Re: [CANSLIM] S&P 500 forecast

From: Harvey Brion <hbrion@ieee.org>
Subject: Re: [CANSLIM] S&P 500 forecast
Date: Mon, 22 Apr 2002 09:29:40 -0700

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Ernie, We're clearly in a long term downtrend on the S&P and your
numbers are 8-11% above the current levels so your projections suggest
that we'll see the index move up to your numbers then resume the
downtrend.  In other words, we're now in a Bear rally and we'll continue
the Bear after May 21/22?  What's the basis for your projections?
Thanks, -Harvey

"Hill, Ernie" wrote:

> At this point in time I have two high probability projections for the
> next major turning point in the S&P 500. The highest probability is
> for a turning point on May 21, 2002 at a price level of 1200. The
> second highest probability is for a turning point on May 22, 2002 at a
> price level of 1238. As we approach these dates one of these scenarios
> should emerge as the most likely candidate.
>
> E
>
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