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Ben,
Here is an update EW look on a daily chart. If the rally is to occur it
would have to be sub-minor 4 of minor wave 3 (of big wave 5) since the minor
wave 3 has not met its min. extension of 1.618 (of minor w1-w2). It would
end in the retracement areas shown (.382 around 1245, .50 around 1255, or
.618 around 1265). What do you use to come up with 1273 estimate might I
ask?
Also attached is the TimeFactor projection for the second half of the month
of the site, which is supportive of some sort of move up to some degree
(permission granted to post).
Of course all the bad news out there needs to be ignored (which is hard to
do) :-)
don ewers
----- Original Message -----
From: "profitok" <profitok@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: "Vincent DONOVAN" <vdonovan@xxxxxxxxxxxxx>
Sent: Tuesday, June 19, 2001 10:48 PM
Subject: Re: [RT] S&P index/m3 update
> Hello
>
> attach is the current m3 update
> my cycle SHORT term is still up
> hopfully until fri target price 1273 intra day hi
>
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, June 19, 2001 8:33 AM
> Subject: Re: [RT] S&P index
>
>
> > Looking good so far, nice call Ben
> > don ewers
> >
> > ----- Original Message -----
> > From: "profitok" <profitok@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Monday, June 18, 2001 12:41 AM
> > Subject: Re: [RT] S&P index
> >
> >
> > > hello
> > > my work suggests that we already made the low for the next 2-4 days
> > > Monday weakness should be bought
> > > look at p/c and 5 day trin for BOTH SP and ND
> > > enjoy the trip up
> > > but stay close to the elevator door for a queck exit
> > > this is STILL a dead cat bounce
> > > Ben
> > > ----- Original Message -----
> > > From: "Ira Tunik" <irat@xxxxxxxxx>
> > > To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Saturday, June 16, 2001 11:49 AM
> > > Subject: [RT] S&P index
> > >
> > >
> > > > The daily chart reached a short term target to the downside on
> > > > Friday. If the retracement to the upside exceeds 1274 then there is
a
> > > > very high probability of a double top at the 1316 high. If the
rally
> > > > can't take out that high then look for 1167 to the downside. This
is
> > > > not a trading recommendation, just one persons analysis. Ira.
> > > >
> > > >
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> > > >
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