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<FONT face=Arial color=#0000ff
size=2>Jim,
<FONT face=Arial color=#0000ff
size=2>
Could
you elaborate on what is "near impulse theory"? I get what you are trying to say
with this terminology but since you are using it, you may have worked it out
more in detail. I presume here, of course, that it is your own terminology as I
have not read it in any of the other works.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Dr.Narayan
<FONT face=Tahoma
size=2>-----Original Message-----From: Jim White
[mailto:jwhite43@xxxxxxx]Sent: Monday, November 05, 2001 12:20
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: [RT] Retest of
the 9/21 low
There is a case building for a potential retest
of the 9/21 lows to occur around 11/19 to 11/21. If you look at market
symmetry, it appears a mirror image focal point occured with the low of 10/19.
The swing from 10/19 low to 10/26 high matched the swing from 10/9 low to
10/17 high. Near impulse theory calls for a high pivot 0n 11/5. If this
occurs, it will match in reverse the swing from 10/4 to 10/9. The lows of
10/9, 10/19 and 10/30 present substantial support. If prices close below these
levels (1050 on SPZ1) look for a retest of 9/21 low. Near impulse theory has
forecast a major turning point for Nasdaq, DJIA and S&P for 11/20 to
11/21. This could be the retest low.
Additional data supporting a major turn on these
dates is as follows.
Trading days from the 8/24 high to the 9/21 low
was 20. 20 trading days from 9/21 is 10/19 the mirror image focal point.
20 days from 10/19 is Friday, 11/16, close to the projected turn
date.
There is also information supporting the
possibility of a major high on 11/19. If the market closes above the
resistence level established by the 10/17 and 10/26 highs, I would expect a
retest of the 8/2 high around 1238. So we shall see how next week
unfolds.
Jim WhiteTo unsubscribe from
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