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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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