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Nicely done.....
definitely makes sense.....looks like we could chop around the 1050 - 1150
levels.....
still, that's a 9% range providing lots of S/T trading opportunities.
> -----Original Message-----
> From: Earl Adamy [mailto:eadamy@xxxxxxxxxx]
> Sent: Friday, May 24, 2002 10:55 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] SPX index forecast
>
>
> Attached weekly chart of SP continuous unadjusted futures shows
> targets for
> a major W.C. The major problem is that the clock keeps ticking away on the
> time portion without meaningful progress. Reaching the price/time
> targets is
> going to take one hell of a fast and furious rally. The fly in
> the ointment
> on that scenario is attached 6+- year weekly chart of SPX and VIX which
> suggests to me that the market is in no position to mount a fast
> and furious
> rally. Looking more and more like more fast and furious short term rallies
> and declines.
>
> Earl
>
>
> ----- Original Message -----
> From: "Lee Morris" <LMorris@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, May 24, 2002 8:21 AM
> Subject: RE: [RT] SPX index forecast
>
>
> > I am basically agreeing with that plot only after a quick
> pullback to get
> > the vix and p/c in better positions
>
>
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