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RE: Re[2]: [RT] SPX forecast with chart finally!



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<span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>Thanks.

<span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'> 

<span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>I went to
the web site and apparently my word document of the chart worked, but for some
reason I am not receiving my own  e-mail
from RT. So I continued to try to send the chart. I seem to be experiencing
some real technological challenges tonight.

<span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'> 

<span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>E

<span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'> 

<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: Jim Johnson
[mailto:jejohn@xxxxxxxxxxx]
Sent: Saturday, August 24, 2002
10:05 PM
To: Hill, Ernie
Subject: Re[2]: [RT] SPX forecast
with chart finally!

<span
style='font-size:12.0pt'> 

<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
color:black'>Hello Ernie,<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
mso-fareast-font-family:"Courier New";color:black'>

you might look into a program called SnagIt.  It makes capturing
images and creating gif and other formats very easy.  I've used it for
a year now and actually prefer it to printing charts with
TradeStation.  $10 or so.


Best regards,
Jim
Johnson                          
mailto:jejohn@xxxxxxxxxxx

-- 
Saturday, August 24, 2002, 10:14:35 PM, you wrote:

HE> I had to make this chart with Excel so it is lacking in aesthetic
appeal,
HE> but the information is there. My primary charting software does not
allow me
HE> to save charts as a gif or any other standard format. Oh well,
enough of my
HE> problems hopefully this will work.
HE> I am sincerely sorry for clogging your e-mail with my mess-ups. I
will do
HE> better in the future.
HE> E


HE> -----Original Message-----
HE> From: Hill, Ernie [mailto:ernie.hill@xxxxxxxxxx]
HE> Sent: Saturday, August 24, 2002 7:46 PM
HE> To: 'realtraders@xxxxxxxxxxxxxxx'
HE> Subject: [RT] SPX forecast

HE> This post is an excerpt from a post to the snpforecasts list.
HE> http://groups.yahoo.com/group/snpforecasts
HE> <http://groups.yahoo.com/group/snpforecasts>

HE> And is in reference to the S&P 500 cash index.


HE> There are three valid target ranges for the next turn low. They are
927-934,
HE> 910-913, and 876-885. None of the three stands out above the others
as the
HE> most likely target. We will of course have to let the market tell us
which
HE> one will be correct. I will therefore, only deal with the first
target for
HE> now. Should the first target fail to redirect prices upward I will
then
HE> present my case for the next target.

HE> For those of you who are familiar with Elliott Wave Analysis (EWT) I
have
HE> attached a chart, which gives my preferred wave count for the
current
HE> corrective wave structure that began from the 7-24 low. I believe we
are
HE> currently in impulse wave 3 of a large "A" wave. 8-22
completed minor wave
HE> iii of impulse wave 3. We are now forming minor wave iv of impulse
wave 3.

HE> The first target for minor wave iv is 927-934. There are two
important wave
HE> relationships that support this target. First a .382 retracement of
minor
HE> wave iii which began on 8-14 and terminated on 8-22 yields a price
target of
HE> 930.98. .382 retracements are common for fourth waves. Secondly wave
ii
HE> consisted of 37.69 points. If wave four is of equal length, this
would
HE> target 927.15.

HE> Additionally in my 8-11 post I cited several technical aspects most
relating
HE> to my timing models that suggested that we were in the midst of a
very
HE> strong medium term up-trend. During strong moves four waves
typically
HE> correct 38.2% of the preceding three wave. Therefore, the current
strength
HE> being exhibited in the market lends more support to the likelihood
of a .382
HE> retracement move for the current iv wave.

HE> If the 927-934 target range holds up as the termination point for
the next
HE> minor turn low my timing model suggests it will occur during the
8-27 to
HE> 8-29 time frame. If this level fails to hold support I will then
discuss the
HE> 910-913 target range.



HE> ******************************************************************
HE> This email and any files transmitted with it from the ElPaso 
HE> Corporation are confidential and intended solely for the 
HE> use of the individual or entity to whom they are addressed. 
HE> If you have received this email in error please notify the 
HE> sender.
HE> ******************************************************************


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