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October
25, 2000
RETEST OR FURTHER BREAK THIS WEEK?
RALLY OUT OF STEAM, ASTRO-NEGATIVES THURSDAY-MONDAY.
Although some of our momentum studies became EXTREMELY Oversold, the technical patterns have continued to reveal weaker and weaker market action.
The WORST single indicator is the ARMS (TRIN) which has steadfastly refused to spike UP to signal an important low.
TODAY, S&P500 Dec future is off -30, nearly to its first Stop Trading Limit. That is the equivalent of -250 DJIA points, but the DOW is only off -70. NASDAQ now off -200.
It would be technically better (positive) if the opposite were in effect. In other words, the DJIA off worst, NASDAQ next and S&P off LEAST! That is the more likely configuration at a low.
The next NASDAQ support is at 3000 and if THAT breaks, the hole to hell could open up.
Last week, on the -400 point down opening (DJIA) was immediately followed by S&P futures rally. The rally continued hour after hour without rest, while broader averages did NOT follow at first. First 2 days, S&P led resolutely, which is what happens when the a Market Manipulation is in progress. Whether by a few member firms, or by the U. S. Government, the internals would show up the same.
Last 2 days, the S&P's are leading Downside, with Much Greater % Losses than other broad measures, a very negative sign.
Thursday, Uranus stationary direct could take the tech stocks apart and lead into a low within days. In the evening Sun squares Neptune, indicating possible spike UP in Oil & other Inflation Hedges.
Friday, the New Moon accompanies a 3-planet combination with Mercury-Venus-Jupiter. Sun/Mercury aspects Sunday night & Monday AM suggest a strong reversal +/- one trading day!
Arch Crawford
Page 2: HOW DID ARCH CRAWFORD DEVELOP HIS THEORY AND HOW DOES HE APPLY IT TO THE STOCK MARKET?