The Chart du Jour

Heavenly Portents

April 12, 2000

By, Barclay T. Leib

Although we believe at Sand Spring Advisors that there is a certain fractal rhythm of human behavior and market emotion, we are not by any means experienced in the interpretation of the heavens. All that we can attest is that in over twenty years trading we have seen a significant number of major highs and lows take place (for whatever reason) on full and new moons.

As stocks like Amazon continue to toy with a dangerous neckline, and other "blue chip high tech large caps" start to fall from grace (Motorola Tuesday, maybe Cisco today), we find it of interest that Arch Crawford (at times in recent years rated the number one market timer by Hulbert Services, and a person very astrologically adept) points toward the period of April 15-May 5 as one of "major problems, bankruptcies, storms, natural disasters, economic shocks, and political upheaval." May 5, 2000 is also an important cycle date that we pointed to back in December (see Dec. Cycle Report) as a potential low.

Although we do not necessarily agree with the automated GET system Elliott wave labelling below of the Nasdaq 100 as having recently finished a Wave 3 (we fear it may have been an extended 5th), we do concur with the two potential levels pictured by the system as price targets -- just below 3420 and in the 2950/2970 region. These are both support levels to keep firmly in mind. While most may shudder, we actually feel the latter level is entirely possible, if not probable since it also represents the bottom of the pictured envelope study.

Could this all get quite scary quite fast? Both the heavens and the charts point to "yes."


Chart prepared using Advanced GET End-of-Day

Please support Sand Spring Advisors and purchase one of our more in-depth articles below.


How Your Articles Are Delivered
Upon the processing of your credit card or the receipt of a personal check, Sand Spring will e-mail you the articles requested as a Word attachment, and also provide you with a WWW address and password to view the article on the web without using Word should you so desire. Confirmation of your order will be immediate, and the actual article will follow by e-mail typically within a few hours and in all cases before the opening of NYSE trading on the following day.>

Ordering by Credit Card:
Our shopping cart is designed for both physical and subscription products, so do not be confused too much when it asks you for a shipping address. A correct address is important only for credit card authorization purposes. Your e-mail information is the most important piece of information to us for proper delivery of your article(s).

Disclosure Statement

Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.


Order multiple articles at the same time, and get a 20% discount on each.

  • E-Commerce: A Paired Approach, April 2000...
    This is a more fundamentally oriented article examing the likely winners and losers as e-commerce increasingly invades the transactional side of Wall Street.
    Available for Purchase at $25.

  • A Certain Fixation, March 2000...
    This article looks at some of the psychological signs of a mania and asks in an academic fashion how a mania unfolds and tends to resolve itself. Two specific equity situations are discussed.
    Available for Purchase at $25.

  • Nasdaq Crash and Stopping Point?...February, 2000...
    This article examines the Elliott wave pattern of the Nasdaq's Price-Earnings Ratio since 1995, as well as various analog pattern matches involving the Nasdaq. It also looks at mutual fund cash levels, mutual fund positioning, and changes in the monetary base. It sketches out a possible path for the Nasdaq that may prove a valuable "roadmap" for trading over the balance of the year.
    Available for Purchase at $25

  • Subscribe to Sandspring.com on a quarterly basis and receive the above articles, and all that follow them (a minimum of 4 per quarter), plus all Chart du Jours (some of which would otherwise be pay-per-view) for just $65.

    If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"

    Should you have any ordering problems, please contact us at
    973-829-1962 or by email at the address below:

    information@Sandspring.com


    Take me back to the Sand Spring Home Page


    Comments or Problems


    Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973 829 1962, or e-mail us at
    information@Sandspring.com

    Corporate Office:
    10 Jenks Road,
    Morristown, NJ 07960
    Phone: 973 829 1962
    Facsimile: 973 829 1962

    Best Experienced with
    Microsoft Internet Explorer
    Click here to start.

    The material located on this website is also the copyrighted work of Sand Spring Advisors LLC. No party may copy, distribute or prepare derivative works based on this material in any manner without the expressed permission of Sand Spring Advisors LLC

    This page and all contents are Copyright © 2000 by Sand Spring Advisors, LLC, Morristown, NJ