Sand Spring Advisors LLC
New 52-Week Highs - Yuck!
December 1, 2003
by, Barclay T. Leib
Our previously espoused important triple top was blown away in Monday's trading, with new 52-week highs resulting instead. We will thus promptly sit down and shut up. Maybe we should have done so several months ago.
At this point, 1091.5 on the S&P is the only next upside target that we can spy. Maybe the Dec 5th PEI date will yield this target in lieu of our previously expected panic low. But at this point we are tired of prognosticating, and most folks are probably tired of hearing our prognostications.
Our apologies. Even Fibonacci and Elliott as interpreted by Barclay can get it very wrong upon occasion.
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