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<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:proffittak@xxxxxxx";
title=proffittak@xxxxxxx>proffittak@xxxxxxx
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, March 21, 2001 4:20
PM
Subject: [RT] sp@xxxx
hello Congratulations to
Norman W for predicting this target for Monday the 19
Best regards, Happy buying the gloom tomorrow Ben
Thank you to everyone who
congratulated me for the March 19 forecast. However, I give it only a grade of
C. On the one hand the market did decline until March 19, got to within
the forecasted range. and did have a fairly good rally for one day. On
the other hand, it only barely made it there, I I didn't like the
too optimistic opening on March 19, and I was looking for a possible multi
month rally off this low, not a one day wonder. The pattern works best
when there is a clear climax into a key planetary pattern. <FONT
face=Arial size=2>This was not the case on the close of March 16 or the
opening of March 19. Additionally, the market did not reach anywhere near the
ideal target of 1120. So, I would not have recommended any trade.
The bottomline is that it was a so so
forecast in which some money could have been made on the previous week's down
move, but no money would have been made or lost on the forecasted reversal of
March 19.
One last note on the March 16-19 event.
Despite its apparent failure, key times yield key prices.
The S&P 1160 level will be a key harmonic
level again in the future on the way up. Also, sometimes these levels serve as
midpoints, so flip over the amount above 1160 and subtract to get approx.
1140
and if that doesn't hold, maybe 1040 by April 15.
<G>
Now for the future, given the seeming
power of Venus being currently retrograde as witnessed by the March 8 top, it
appears that this phenomena has the market by the short hairs. Venus will
reach its maximum retro speed about March 31, so be on guard for some momentum
change at that time.
Cheers,
Norman
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