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[RT] Re: Status Of Reversal



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Thanks for the great post ....The chart I posted about 2 weeks ago 
which showed the two lines crossing on July 5th .....lit up today as 
prices went through the Newton line I have been watching for months 
and down within a hair of the other line. 

The bottom line is that as near as I can tell this is what an 
important bottom in the S&P looks like and our wall street for 
tomorrow is strong north bound winds.

R




--- In realtraders@xxxx, "Jim White" <jwhite43@xxxx> wrote:
> Some of you may be interested in the status of a possible reversal 
in the DJIA tomorrow. Markets reverse inside out. That is, they must 
reverse in the shortest time frame first, then next highest, etc. Tha 
attached table shows the status of the 30 DJIA stocks relative to 
reversal on 5 minute, 60 minute and daily time frames. The 5 and 60 
minute reversal are signaled by a cross over of an indicator that 
considers previous highs and lows. The daily reversal confirmation is 
a penatration of the previous day's high.  I have also indicated what 
I believe to be the best buy candidates for tomorrow.
> Jim White


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