The Chart du Jour
Readers of these pages know that despite being longer term bears, we had long been targeting 1680-1735 as significant Fibonacci support on the Nasdaq 100, and a target zone to potentially launch a tradeable counter-trend rally. And yet a few days ago we were stopped out below 1645, and as of Thursday's close the market has now extended well beyond this region.
This action has led us to redraw our Fibonacci bands on the chart above in search of the next zone of support. The current level around 1565-1580 honestly doesn't do much for us. It is only down between 1425 and 1475 that we see another convergence of Fib levels as well as a leftover trendline drawn up from the 1998 lows.
We offer this to our readers with no specific short term trading advice toward trying to pick a bottom. The "rubber band" of undue financial leverage to carry equity positions has been stretched so far, that many problems could be brewing behind the scenes at financial institutions. Risking any more capital on this falling knife blade is thus not a good risk-reward proposition. But academically at least, one might anticipate the 1425-1475 region to hold.
We apologize once again for having been pre-mature in our exit from the short-side of this market. It seems that when it rains, it truly pours, and Friday's forecast for Wall Street quite literally is for three inches of heavy rain. Maybe this will bring one last bit of equity capitulation on high volume before the sun of spring finally re-emerges.
Subscribers are invited to click here for immediate access to our latest in-depth article: "Measuring Financial Time: The Magic of Pi." The article is 10 pages in length, and in it, we touch upon two centuries of financial history. We also leave readers with our cyclical vision for the next decade, as well as a shorter term perspective of the NASDAQ 100 index for the balance of the year.
Non-subscribers are invited to sign up for a quarterly subscription below.
It also may be of interest to some as well that because so much time (and thus timeliness) has now transpired, we recently released three of our 2000 subscriber-only articles. These now appear under the public Earlier Articles section of the website. Perusing through them may give one a sense of the added premium level of analysis we provide to subscribers.
For immediate web-based access to our latest subscriber-only March 20th XAU chart analysis, please support Sand Spring Advisors and purchase a quarterly subscription below. Our latest work will be accessible on the final page of the order process. A user-id and password for web access to all past and future articles will follow by e-mail.
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).
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.
If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"
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
10 Jenks Road,
Morristown, NJ 07960
Phone: 973 829 1962
Facsimile: 973 829 1962
Best Experienced with
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