"Catch 22"... Did You?

By: Boris Chikvashvili | Thu, Oct 19, 2006
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On Last Friday Rally the SELL PRESSURE, our Proprietary Indicator has reached extreme high again. Market has managed only one day of churning and started decline.

We updated our http://borisc.blogspot.com yesterday. See the notes about the "Freak Show".

Talking about Freaks... Our creator must have had his/her own brand of freak love for symmetry. Look at S&P top ( Mar-August 2000 ), bottom (Oct2002-Mar2003) and top?! May-Oct2006. So you tell me if the man/woman has no sense of humor?

Our prediction is that the top is near at the resistance points previously outlined. Now, please see the probabilities of dates for tops.

Oct 18 2006  ±2 days Probability 25%
Nov 03 2006  ±2 days Probability 50%
Nov 18 2006  ±2 days Probability 25%

Oh, yes, did you see the baby cup of BKX underflow? See your Favorite chart site.



Author: Boris Chikvashvili

Boris Chikvashvili

In short... I was supposed to be a theoretical physicist (Russia+Jerusalem Hebrew University, MS Physics, with distinction, toyed with QUARKS). Somewhere on the road to PHD I have discovered, first the Computers - at Carnegie Mellon University (MS EE, Fathered UNIX, adopted WINDOWS), and second Finance on Wall Street.President ITI,(Computer/Finance Consulting Firm) Consulted AT&T,IBM,SUN,CITIBANK,JP MORGAN, LEHMAN, MICROSOFT. Designed/implemented Trading Systems - BLOOMBERG LLP. There is nothing more to say professionally speaking.

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