tag:blogger.com,1999:blog-12333088.post2791067929319477485..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on February 8, 2013Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12333088.post-24880882567850425182013-02-09T04:47:16.304-05:002013-02-09T04:47:16.304-05:00Hi Carl
i mentioned before my long term indicator ...Hi Carl<br />i mentioned before my long term indicator had yet to turn up and that it tends to take a year to 2 years just to get back into the normal range , it turned up from the jan 7th low 2013. what is also interesting is the spread between the 120 month ( 10 year moving average ) and the 240 month ( 20 year moving average .it ticked up in august 2012 then dropped to a new low and just ticked back up again as of the jan 2013 close .<br />this spread has been falling since 2007 . It is becoming increasingly difficult to find a bearish case <br />unless the dow was to drop below 13000 . i am a bit concerned though with the march 18th time frame for a cycle high . that said i still think this is a move upwards toward point 21 . the mid June time frame is also a concern<br />yet march 18th would be considered the maximum extended advance from the July 2010 lows . based on what i am seeing i cant call this a point 27 move even though i do understand your labeling . the key will be the 1567 price level in the spx for me .<br />good luck <br />joeAdsensehttps://www.blogger.com/profile/08031892140855200123noreply@blogger.com