| To: da_cheif™ who started this subject | 6/21/2003 9:28:41 PM |
| From: da_cheif™ | Read Replies (1) of 51302 |
| |
granville gonna be timer of the year...snort
This is the Timer Digest hotline for Saturday June 21.
The Dow stands at 9200.75 Up 21.22 on Friday, and Up 82.88 points for the week. There have been no signal changes, but there has been 1 Consensus signal change for the Long Term Consensus since Wednesday's Hotline. And, there have been realignments in each of the four Consensus. The Top Ten Consensus is Bullish with 5 Bulls, 4 Bears and 1 Neutral. The Top Long Term Timers are now Neutral with 5 Bulls and 5 Bears. The Top Bond Timers are Bullish with 3 Bulls, 1 Bear and 1 Neutral. And the Top Gold Timers are Bullish with 3 Bulls, 1 Bear and 1 Neutral. Now the comments of the Top Timers.
Mark Leibovit of vrtrader.com is on a June 9 Sell signal. He is looking for at least 1000 points lower in the Dow Industrials going forward with potential to retest or post new lows.
Joseph Granville of the Granville Market Letter is on a February 14 Buy signal. He said the constant new highs being made by his two key indicators show unstoppable upside market momentum, and project a considerably higher market ahead.
Michael Gibbons of Gibbons' Trading is on an October 28 Sell signal. He said the home builder stocks went parabolic and have likely topped out, and as the housing bubble deflates, so will the entire economy.
Bill Meridian of Cycles Research is on an April 4 Buy signal. He said from the low in any mid-term election year, such as this past October, to the subsequent high in a pre-election year, the market has gained 50% on average, which would put the S&P 500 Index at 1100.
Arch Crawford of Crawford Perspectives is on a March 21 Buy signal. He will reduce his long position from 200% to 100% long on Monday, and he will probably be getting out of the remaining long position and going short some time in early July.
Christopher Cadbury of Cadbury Timing Service is on a May 16 Sell signal. He said recent market sentiment readings are at levels that project a lower market over the next one and three week periods.
Steve Todd of the Todd Market Forecast is on a July 29 Buy signal. He said regardless of near term corrections, the bullish case seems to be a solid one with ample reasons for stocks to be considerably higher than current levels over the next six months.
Myron Greene of the Mutual Fund Timing Guide is on a June 2 Neutral signal. He said given the strength of the rally off the March lows, it is unlikely that a major decline will develop without at least one more run at the recent highs.
Dan Sullivan of The Chartist is on an April 7 Buy signal. He said in spite of an extremely over-bought market and high bullish sentiment stocks continue to march forward, and although he has been expecting a pullback he is maintaining current positions.
Jim Tillman of Cycletrend is on a June 17, Sell signal. He said the technical indicators appear to be coming together with the projected downtrend and he now favors the short side of the market. |
