Essential LongView ChartsUpdated each weekend by Jack Longview, student of the markets. Synchronize your portfolio with the market's true seasons, your life-stage and risk-tolerance.(Untitled)- February 11, 2003 Winter to Spring in Mag-2 cycle, for now In my weekend commentary, I made this comment re: the M-2 (Magnitude-2) cycle -- "A move above 420 on Monday morning would stem the Winter cycle for now." That's exactly what happened yesterday. The close at 422 and the overseas' markets strong performance overnight (up almost 2%) portends a strong opening. Greenspan's semi-annual 2-day report to Congress will be the headline grabber. Markets have found short-term relief from Iraqi war anxiety in the U-2.http://radio.weblogs.com/0117431/2003/02/11.html#a56 (Untitled)- February 5, 2003 Tuesday Test of 425 floor Tuesday morning the OEX fell a quick 10 points (about 2.5%) in the opening hour and found the floor of 425 by noon. The afternoon slowly rose from that floor to the 429 ceiling (Friday afternoon's floor). The S&P 100 is now below Mag-3's Spring glide path. A failure today to move and stay above 432 on Mag-2's day-ending turn from Winter to Spring would not be a positive sign. It would signal that the Winter trends of Mag 4 thru Mag 7 cycles are calling the shots, for..http://radio.weblogs.com/0117431/2003/02/05.html#a55 (Untitled)- February 4, 2003 Friday's ceiling is Monday's floor 434 was the cap on Friday's up move. Today, 434 was the floor and 438 became the new ceiling. Mag-2's Summer move, now 1.5 days old, turned to Autumn in the last hour of trading. Mag-3's Spring glide path is now 4 days old. Stocastic downturn today signals MACD convergence and OEX downturn.http://radio.weblogs.com/0117431/2003/02/03.html#a54 (Untitled)- February 3, 2003 Right column links to weekly 7-chart sequences This morning I updated the 7-chart sequence for the week ending January 31. And I also added quick links in the right column to the entire chart series that looks at the Mag 7 thru Mag 1 trends for the previous 5 days of the S&P 100 (OEX) basket of stocks.http://radio.weblogs.com/0117431/2003/02/03.html#a53 |