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I agree the market will continue down. Margin calls from Monday's
decline will need to be met today, and I think the bulk of potential
buyers are going to wait until there is more 'visibility' about the
nature of the military response to the 9/11 attacks.
Regards
DanG
profitok wrote:
>
> The new LOW target is 893.63 (cash) in 3-6 days
> Tomorrow projected low is 1015-1020
> NASDAQ low 1490-1500
> new projected low in 3-6 days NASDAQ 1408.97
> Be careful
> Ben
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, September 18, 2001 9:57 AM
> Subject: Re: [RT] DJIA & SPX Key Levels and Long Term Forecasts - NW
>
> > I don't find Norm's prediction all that far fetched.
> >
> > The attached monthly SPC chart supports a eventual wave 4C drop to the
> > 839.39 area (perfect ABC swing target) not all that far from the 782.00 he
> > mentions.
> >
> > Also note the .618 expansion of wave 4A to wave 4B is at 1021.61 fairly
> > close to Ben's initial target on his post of 1020 to 1025 for today (not
> > sure how he arrived at his though)? Just a level I would watch for a
> bounce
> > IF we get there.
> > don ewers
> >
> > ----- Original Message -----
> > From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, September 18, 2001 1:25 AM
> > Subject: Re: [RT] DJIA & SPX Key Levels and Long Term Forecasts - NW
> >
> >
> > > Let me help interpret your interpretation of the USA's biorythm you have
> > > discovered:
> > >
> > > >If I am correct on this theory, some cataclysmic
> > > >events should occur for the US when the SPX
> > > >nears 782.
> > >
> > > The market may go down......
> > >
> > > >The good news is that if 782 holds, SPX
> > > >should be headed for new all time highs.
> > >
> > > or it may go up......
> > >
> > > >Please keep in mind that this new major bull
> > > >market may not commence for several years
> > >
> > > or it may go sideways.
> > >
> > > Did I get it right?
> > >
> > > I'm gonna save this prediction so I can see if you are right later.
> > >
> > > Kent
> > >
> > >
> > > ----- Original Message -----
> > > From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>; <gannsghost@xxxxxxxxxxxxxxx>
> > > Sent: Monday, September 17, 2001 8:31 PM
> > > Subject: [RT] DJIA & SPX Key Levels and Long Term Forecasts - NW
> > >
> > >
> > >
> > >
> > > Next DJIA stop should be circa 8346 and then 7543. The level the
> market
> > > choses for a bounce should tell us much about where the market is and
> what
> > > we should expect in the bigger picture.
> > >
> > > SPX levels = 1035 or 1005, 936, 872, 847-833, **782**, 702,
> > > and 597. The March 22 low at 1081 implied that low was an A wave of a
> BIG
> > > WAVE IV ala Grand Super Cycle for the US and since the May high at 1315
> > the
> > > SPX is in C of IV. If that harmonic holds, I expect to see 782 before
> this
> > > major wave is done. This does not preclude interim counter trend rallies
> > of
> > > substantial proportion. For example, I expect a substantial year end
> rally
> > > and economic boomlet which should last into Jan. or Feb. of 2002. If SPX
> > > didn't bottom near the 782 level then we should consider that the year
> end
> > > rally is perhaps Wave II or Wave IV of Major WAVE IV and there will be
> new
> > > lows toward 782.
> > >
> > > What blows me away is that while doing the above analysis, I cracked
> the
> > > harmonic I have been seeking since the March 22 low which turned out to
> be
> > a
> > > minor harmonic ala "A" wave of a super major wave for the existence of
> the
> > > USA. The retest for the 1081 low came the day before the 911 attack on
> the
> > > US which is a threat to all of civilization and in particular the USA.
> So
> > > one could say that time and price squared for a major event and turning
> > > point for not just the SPX but the existence of the USA. If I am correct
> > on
> > > this theory, some cataclysmic events should occur for the US when the
> SPX
> > > nears 782. The good news is that if 782 holds, SPX should be headed for
> > new
> > > all time highs. Please keep in mind that this new major bull market may
> > not
> > > commence for several years and then transpire over the course of several
> > or
> > > many years.
> > >
> > > Wavingly,
> > >
> > > Norman Winski
> > >
> > >
> > >
> > >
> > >
> > > >
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> > > >
> > > >
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> > >
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