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<span style='font-size:
12.0pt'>The market played out scenario #3, and appears to have completed the
current down move. While I have a very high degree of confidence that today was
the low for move, until we see a confirmation signal there is still a small
chance that we could go lower. For the sake of clarity the confirmation signal
will be a closing price above today's high.
<span style='font-size:
12.0pt'>
<span style='font-size:
12.0pt'>E
<span style='font-size:10.0pt;
font-family:Arial'>http://groups.yahoo.com/group/<span
style='font-weight:bold'>snpforecasts
<span style='font-size:
10.0pt;font-family:Arial;color:navy'>
<span style='font-size:
10.0pt;font-family:Arial;color:navy'>
<span
style='font-size:10.0pt;font-family:Tahoma'>-----Original Message-----
From: Hill, Ernie
[mailto:ernie.hill@xxxxxxxxxx]
Sent: <st1:date
Month="8" Day="28" Year="2002"><span style='font-size:
10.0pt;font-family:Tahoma'>Wednesday, August 28, 2002<font
size=2 face=Tahoma> <st1:time
Hour="21" Minute="41"><span style='font-size:10.0pt;
font-family:Tahoma'>9:41 PM<span
style='font-size:10.0pt;font-family:Tahoma'>
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] SPX forecast Update
<span
style='font-size:12.0pt'>
<span
style='font-size:12.0pt'>Once again today could be the bottom, as we came
within a whisker of the 910-913 target range, and both of my short term cycle
indicators are suggesting that a turn is imminent. While the next target level
of 876-884 is still a possibility, at this point I would have to say that it is
not very likely that we will go that low.
<span
style='font-size:12.0pt'>
<span
style='font-size:12.0pt'>The 910-913 range has emerged as the high probability
target for the termination of this short term down move. The most likely scenario
for tomorrow would be a move slightly lower into the target range or just below
before the market terminates the move, and begins to go higher. The second most
likely scenario is that the market will open higher and continue to move higher
from there. And the third most likely scenario would be a continuation of the
down move possibly as low as 900, with an intra-day reversal featuring a
closing price above at least 911. Each of these scenarios involves the 910-913
target range.
<span
style='font-size:12.0pt'>
<span
style='font-size:12.0pt'>Despite the high probability that we are about to make
a turn and not likely to go much lower, until we see the turn confirmation
signal this market could still reach the lower target range
<span
style='font-size:12.0pt'>
<span
style='font-size:12.0pt'>E
<span
style='font-size:10.0pt;font-family:Arial'><a
href="http://groups.yahoo.com/group/snpforecasts";>http://groups.yahoo.com/group/<span
style='font-weight:bold'>snpforecasts
<span
style='font-size:10.0pt;font-family:Arial'>
<span
style='font-size:10.0pt;font-family:Arial'>
<span
style='font-size:12.0pt'>
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