Re: mkt:Standard & Still Bored 500

[" Rick Ratchford" <ricrat@xxxxxxxxxxxxxxxxxxx>]

Thanks Tom. Such a quiet group.  Are they stunned?

Anyway, just don't forget the scenario expected.

We could be seeing a pivot top tomorrow or Wed,  a pullback to form a pivot
bottom on Friday.

Guess you could call this an opportunity to allow late (and unbelieving)
passengers to get on.

cheers!
:)
rick

****************************************************
  FutureSoft Publishing - Precision Trading
            http://FSoftPublishing.com
****************************************************

-----Original Message-----
From: Tom Alexander <gta3@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, October 20, 1997 6:14 PM
Subject: Re: mkt:Standard & Still Bored 500


>
>
>----------
>> From:  Rick  Ratchford <ricrat@xxxxxxxxxxxxxxxxxxx>
>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> Subject: Re: mkt:Standard & Still Bored 500
>> Date: Saturday, October 18, 1997 6:18 PM
>>
>>
>>
>> Now, assuming that 10/17 is indeed a turn day, we can at least note if it
>> found support or not.
>>
>> Attached to this message find one of TTC's calculators used to solve for
>> dynamic sup/res levels. Using a previous formation and calculating for
>> 10/17, it appears that Level 3 has noted 934.20 as support. Considering
>that
>> the low on 10/17 was 935.25, this appears to be a resistive area for
>prices.
>>
>
>> I'm only happy it made lower weekly prices to confirm my forecast. Now,
>> prices should start to rise as I only expected ONE week of lower prices.
>> Noting that Friday was the lowest day of the week and made the weekly
>low, I
>> can only ascertain from this that we have seen our bottom, and also Level
>3
>> of the calculation of this day must hold true. Otherwise, even if just
>> Monday 10/20 made a lower low before moving up as I expect, it will
>appear
>> as a lower low week on the weekly chart and blow my one week only lower
>low
>> theory based on my cycle work. You can still trade it just one day off,
>but
>> that is besides the point in precision forecasting.
>
>Not too shabby!! How many other people were calling for a buy on the 10th
>anniversary of the '87 "correction" ?
>
>
>Regards,
>
>Tom Alexander
>
>
>>
>> Anyway, for those unfamiliar with the concept of time and price, this
>> explanation hopefully will help. Know both TIME and PRICE, and it would
>be
>> easier to narrow down your sup/res prices. As the time changes, so does
>your
>> sup/res prices since it is naturally dynamic.
>>
>> cheers!
>> :)
>> rick
>>
>> ****************************************************
>>   FutureSoft Publishing - Precision Trading
>>             http://FSoftPublishing.com
>> ****************************************************
>>
>>
>>
>> -----Original Message-----
>> From: GGray1155@xxxxxxx <GGray1155@xxxxxxx>
>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> Date: Saturday, October 18, 1997 12:37 PM
>> Subject: Re: mkt:Standard & Still Bored 500
>>
>>
>> >In a message dated 97-10-18 04:36:52 EDT, ricrat@xxxxxxxxxxxxxxxxxxx (
>Rick
>> >Ratchford) writes:
>> >
>> ><<  highly probable support prices based on the most recent
>> > formation at Level 3 - 954.65 or Level 4 - 949.10.
>> >
>> > Do with this information as you will.
>> >
>> > cheers!
>> > :)
>> > rick >>
>> >
>> >
>> >SnP went significantly below 949.10...  What do you think will happen
>based
>> >on the new low???   Thanks,
>> >
>> >Gary
>> >
>>
>