|
PureBytes Links
Trading Reference Links
|
I hope your right Ernie. The calculations for
monthly support that I use (791 - 856) suggest that we may not have put in the
monthly low yet. Today's move down could signify an exhaust, but that was a
strong close down..... so lets see what happens tomorrow.
Adam
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Hill,
Ernie
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:'realtraders@xxxxxxxxxxxxxxx'">'realtraders@xxxxxxxxxxxxxxx'
Sent: Tuesday, September 03, 2002 9:25
PM
Subject: RE: [RT] SPX forecast
Update
Sent in rich text format,
but chart did not show up! Here is chart.<FONT face=Arial color=#000000
size=2> <<876.gif>>
-----Original
Message-----<FONT face=Tahoma
size=2>From: Hill, Ernie [<A
href="mailto:ernie.hill@xxxxxxxxxx";>mailto:ernie.hill@xxxxxxxxxx]<FONT
face=Tahoma size=2>Sent: Tuesday,
September 03, 2002 9:22 PM<FONT face=Tahoma
size=2>To: <A
href="mailto:'realtraders@xxxxxxxxxxxxxxx'">'realtraders@xxxxxxxxxxxxxxx'<FONT
face=Tahoma size=2>Subject: RE: [RT]
SPX forecast Update
The market can be very humbling. What I rated as a
small chance has come to pass. The 876-884 target range is the
last of my projected target ranges for the termination of the
current short term down move.
883.63 is the critical .618 retracement level for
the move from the 8-5 low to the 8-22 high. 876 is literally the
line in the sand. My work does not show any support levels of
significant strength below 876. Should the market drop from here
to below 833 before terminating this current down swing, it would
cause me to have to perform a major re-evaluation of the markets
current price structure.
While the market can move below the 876 level it
must close above it for my target range of 876-884 to be valid. It
has been my experience that all significant turning points occur
very near to strong support or resistance levels. This particular
turning point has made itself significant by the strength of the
markets move down to it.
My timing model is screaming for a turn to be made,
and we are at the last strong support level that I see before
breaking the 8-5 low of 833.44. My methodology is now staring the
market right in the face. Which will blink first?
E
-----Original
Message-----<FONT face=Tahoma
size=2>From: Hill, Ernie
[<FONT
face=Tahoma color=#0000ff
size=2>mailto:ernie.hill@xxxxxxxxxx<FONT
face=Tahoma size=2>]<FONT face=Tahoma
size=2>Sent: Thursday, August
29, 2002 9:01 PM<FONT face=Tahoma
size=2>To:
'realtraders@xxxxxxxxxxxxxxx'<FONT
face=Tahoma size=2>Subject:
RE: [RT] SPX forecast Update
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.
E
<A
href="http://groups.yahoo.com/group/snpforecasts";><FONT
face=Arial color=#0000ff
size=2>http://groups.yahoo.com/group/<FONT
face=Arial color=#0000ff
size=2>snpforecasts
-----Original
Message-----<FONT face=Tahoma
size=2>From: Hill,
Ernie [<A
href="mailto:ernie.hill@xxxxxxxxxx";><FONT face=Tahoma
color=#0000ff
size=2>mailto:ernie.hill@xxxxxxxxxx<FONT
face=Tahoma size=2>]<FONT face=Tahoma
size=2>Sent:
Wednesday, August 28, 2002 9:41
PM<FONT face=Tahoma
size=2>To:
realtraders@xxxxxxxxxxxxxxx<FONT
face=Tahoma size=2>Subject:<FONT face=Tahoma
size=2> [RT] SPX forecast Update
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.
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.
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
E
<A
href="http://groups.yahoo.com/group/snpforecasts";><FONT
face=Arial color=#0000ff
size=2>http://groups.yahoo.com/group/<FONT
face=Arial color=#0000ff
size=2>snpforecasts
<FONT
face="Courier New">******************************************************************<FONT
face="Courier New">This email and any files transmitted with it from the
ElPasoCorporation are confidential and
intended solely for theuse of the
individual or entity to whom they are addressed.<FONT
face="Courier New">If you have received this email in error please notify
thesender.<FONT
face="Courier New">******************************************************************
Yahoo! Groups
Sponsor <FONT face=Arial
size=1>ADVERTISEMENT
<A
href="http://rd.yahoo.com/M=212804.2303158.3720906.2225242/D=egroupweb/S=1705001779:HM/A=810373/R=0/*http://geocities.yahoo.com/ps/info?.refer=blrecs";>
<A
href="http://rd.yahoo.com/M=212804.2303158.3720906.2225242/D=egroupweb/S=1705001779:HM/A=810373/R=1/*http://geocities.yahoo.com/ps/info?.refer=blrecs";>
<FONT
face="Courier New" size=2>To unsubscribe from this group, send an email
to:<FONT face="Courier New"
size=2>realtraders-unsubscribe@xxxxxxxxxxxxxxx<FONT
face="Courier New" size=2>Your use of Yahoo! Groups is subject to the
<FONT face="Courier New"
color=#0000ff size=2>Yahoo! Terms of Service<FONT
face="Courier New" size=2>. <FONT
size=3>******************************************************************This
email and any files transmitted with it from the ElPaso Corporation are
confidential and intended solely for the use of the individual or entity
to whom they are addressed. If you have received this email in error
please notify the
sender.******************************************************************To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|