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Ira, Bill, Don:
Sorry to be a bother, but I also got 1200 for SPX.
My numbers were 1199, 1157, and 1090 for SPX and 1748, 1519, and 1145
for NDX.
jerry
I had given a target earlier of
1275 on the S&P index. It was hit in
Dec. of last year and then a rally ensued. I now have support
at 1245
with a downside target of 1200 to 1215. good trading.
Ira.
t-bondtrader wrote:
> Don and others I have just dug up the chart we discussed a few
posts
> back and I think that your line has now been well and truly
violated,
> so where now? The thought occurs to me that we might
have reached a
> bottom, even if it does appear to be between the tram
lines. What
> gives me encouragement is the 'island' that has formed on the
bonds.
> Now I know, before all the argument starts, that it is not a
perfect
> island reversal (but then nor was my H&S top and look where
that
> went!) and if it is a sign of lower prices on the bonds, then
perhaps
> we will see a rise on the Spoo. Anyway, what does your EW counts
say
> about all this? Bill
>
>
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I had given a target earlier of
1275 on the S&P index. It was hit in Dec. of last year and
then a rally ensued. I now have support at 1245 with a downside
target of 1200 to 1215. good trading. Ira.
t-bondtrader wrote:
Don and
others I have just dug up
the chart we discussed a few posts back and I think that your line
has now been well and truly violated, so where now? The
thought occurs to me that we might have reached a bottom, even if it
does appear to be between the tram lines. What gives me
encouragement is the 'island' that has formed on the
bonds. Now I know, before all the argument starts, that
it is not a perfect island reversal (but then nor was my H&S top
and look where that went!) and if it is a sign of lower prices on the
bonds, then perhaps we will see a rise on the Spoo. <font
face="Arial" size="-1">Anyway, what does your EW counts say about all
this? Bill
To unsubscribe from this group, send an email to:
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