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<DIV><FONT face=Arial size=2>For those following my DJIA pivot point forecast,
today, 9/22 was a forecasted turn point. Confirmation of this being a low will
be a close above today's high. The next forecasted turn is 9/28.</FONT></DIV>
<DIV><FONT face=Arial size=2>Jim White<BR>PIVOT Research & Trading
Inc.</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Thu Sep 23 06:45:46 1999
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Date: Thu, 23 Sep 1999 06:51:14 EDT
Subject: Re: /sp500
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Status:
In a message dated 9/23/99 6:49:02 AM Eastern Daylight Time, Proffittak
writes:
<< In a message dated 9/23/99 4:33:38 AM Eastern Daylight Time, JSessi5941
writes:
<< Ben
can you share a good way of projectiing the next dayS range (hi and low)
thanks
James >>
hi
it is very complicated and uses many rules
example is today
sp500 should be bought on a sell off if any
i would buy 1@ 1.1% above yesterdays low and secound @2.1% above
yesterdays low,, and sell both@xxxxxxxxxx hi ,,
reason
a: volume acumilation on my lotus
b: we went yesterday to a lower low on dow and sp yet there was LESS
new low,,
c:mcllullen osc on a/d line is oversold
d:trin is close to oversold
e:vix is close to a buy
the only fly in the ointment is yesterday was a bad day,, ie up on sp
with
MORE down volume then up volume
so,, AFTER it tests the low successfuly and rebunds 1.1% from the low i
will buy for a day trade with stop@xxxxxxx,,
as for overall mkt picture
mkt is VERY sick
it probabbly will make a new hi 2-3 indecis by 10/3
but that would be a liftime oppertunity for SHORTS ,, PUTS
and selling calls
hope this helps
Ben >>
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