Sand Spring Advisors LLC
New NASDAQ 100 Lows
June 12, 2002
by, Barclay T. Leib
Chart produced using Advanced GET End-of-Day
The NASDAQ 100 index was the first index to hit new post-September 2001 lows yesterday, and is fast approaching its 1998 lows as well.
But not to always take the part of a purveyor of doom and gloom, we would also like to point out that the NASDAQ 100 is showing certain signs of losing its downside momentum. The 5-day/35-day oscillator (popularized by Tom Joseph of Advanced GET), is showing a certain amount of divergence on the last three major thrusts lower. And pulling down extraplotaed Fibonacci bands from the 1738 high made by NASDAQ 100 futures back in December 2001, 963 looks to be as good a level as any to look for a potential low to form into late June.
Of course this would still be some 13% below yesterday's close in the September futures, but after a further few weeks of downside pressure, don't be surprised to see Sandspring.com turning uncharacteristically bullish if 963 on the NASDAQ 100 is reached within our late-June cycle window.
Non-subscribers are invited to sign up for our premium level of service below, and gain immediate access to this commentary entitled "The Coincidence of Time," as well as our May subscriber-only write-up "The Search for Survivable Themes."
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.
If you order by credit card, your credit card will be billed as "Sand Spring Advisors LLC"
973-829-1962 or by email at the address below:
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
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 © 2002 by Sand Spring Advisors, LLC, Morristown, NJ