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Ben,
I agree with your call for a short term top in the
S&P. However, I am curious about your confirmation price of 1164.94.
Friday's low was 1163.42. My criteria for a reversal is that the previous low
must be taken out. Would you mind explaining your process for arriving at
confirmation prices. Obviously, a reliable confirmation above the previous low
is a trading advantage and I would value this information.
Jim White
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To: <A title=gannsghost@xxxxxxxxxxxxxxx
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Cc: <A title=realtraders@xxxxxxxxxxxxxxx
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Sent: Sunday, January 06, 2002 6:49
PM
Subject: [RT] sp500 nasdaq short
term
Hello
hope you all had a nice weekend
I see a short term top in BOTH
a close under 1164.94 cash in sp500 will
confirm the short term top
However I do not see much danger to the
downside first objective is 1152.41 and at most intra
day low of 1130.44
the # for nd100 are cash close under
1667.31 will bring the confirmation and first target
for low is 1623
and not much more for the weekly low
1591.1
not a trading rec just my 2 cents
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