1166, by James Sogi

James Sogi wrote on Tuesday, September 21, 2004.

> Spx first hit 1130  April 1998. Since then the mean price is 1166.
> "Officer, do you think we'll hit 1166 soon?"... Sgt. Friday ..."Just
> the facts Ma'am. "

It is not out of mere arrogance and perversity that I, an individual
poor man, have taken to address your lordships...  We must remember that
in  this matter we wrestle not against flesh and blood, but against the
rulers of the darkness of this world. who may fill this world with war
and bloodshed, but cannot themselves be overcome thereby." (from
Machiavelli  Address to Nobility)

With 1166 under our belt, Query; expanding range with reversal or
capitulation of the losing half and the possibility of new trend
breakout.  (Query?( Republican=bulls - Democrat=bears)=new trend?)
Query: will there be a pullback or breakout without lookback?

Revisiting Vix study of new 20 day vix lows and SP 10 days after from
Wiz' supercharged script shows only one new observation on 10/1 since
last study. Updated data at   http://home.hawaii.rr.com/zephyr/vix.csv

  Min.  1st Qu.   Median     Mean  3rd Qu.     Max.     NA's
-97.9000 -21.1300  -0.7000  -0.9738  22.6000  77.0000  21.0000

 > Recent observations

  DATE    Y  M  D W      SP   VIX SP10AHD
09/03/04 2004  9  3 5 1114.40 13.91    7.85
09/10/04 2004  9 10 5 1123.40 13.76  -11.90
09/13/04 2004  9 13 1 1128.25 13.17  -23.00
10/01/04 2004 10  1 5 1133.25 12.75  -25.00
11/03/04 2004 11  3 3 1145.00 14.04      ?
11/04/04 2004 11  4 4 1157.00 13.45     ?

The entries seem to be early. Last two  pullbacks av.  36.pts