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Re: projection



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Ben -

Not sure if you sent this directly to me or I got copied but I will respond anyway.  My upside target on 10/16 was 1128 on the SPX (cash) so we are not there yet.  I am watching for a top to form here.  According to Gann, early November in election years is a time to be alert for a change in trend.  Also, there is a full moon on Nov 4, and as previously discussed on this forum, the days immediately following regularly give up quite a few points.  I am waiting for my short term oscillator to turn down to take a short position.  My downside target based on Friday's price action  using  Gann angles is 1010 - 1045 on the cash SPX.

Steve

>>> <Proffittak@xxxxxxx> 11/02 9:59 AM >>>
good morning

on 10/16/98 you wrote  upside target is 1138


well we even pass it
congratulations on a great call
can you share with us your current outlook

warm regards
Ben
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