[RT] RE: [SPX_Swing_Trading] My EWT count

["Hill, Ernie" <ernie.hill@xxxxxxxxxx>]

<span style='font-size:
10.0pt;font-family:Arial;color:navy'>I think the contracting triangle
interpretation is now completely shot in the butt. Also my projection for 10-9
will be materially altered due to the extent of today's decline.

<span style='font-size:
10.0pt;font-family:Arial;color:navy'> 

<span style='font-size:
10.0pt;font-family:Arial;color:navy'>E

<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="10" Day="3" Year="2002"><span style='font-size:
 10.0pt;font-family:Tahoma'>Thursday, October 03, 2002<font
size=2 face=Tahoma> <st1:time
Hour="22" Minute="6"><span style='font-size:10.0pt;
 font-family:Tahoma'>10:06 PM<span
style='font-size:10.0pt;font-family:Tahoma'>
To:
SPX_Swing_Trading@xxxxxxxxxxxxxxx
Subject: [SPX_Swing_Trading] My
EWT count

<span
style='font-size:12.0pt'> 

<span
style='font-size:12.0pt'>Hi group,

<span
style='font-size:12.0pt'> 

<span
style='font-size:12.0pt'>Looks like a slow night. I'll get it started with my
EWT interpretation of the SPX. It looks to me like the market is tracing out a
contracting triangle defined by waves a,b,c,d,& e. Waves a,b, & c are
already complete I expect wave "d" to be completed tomorrow near the
809-810 range. I am then looking for wave "e" to break through the
upper red channel line, and peak in the 857-862 range on 10-9 plus or minus one
day. This would complete the wave "iv" correction and the market
would then continue with the strong down trend to complete wave "v"
of "3".

<span
style='font-size:12.0pt'> 

<span
style='font-size:12.0pt'>In practical terms the market will likely be very
choppy until wave "iv" is completed. I am looking to let this move
play out, and then go short when the 9-26 high of 856.59 is taken out. As for
my interpretation of the EWT wave structure bear in mind this is only one
possible count for the current wave structure. I have chosen it as my preferred
count because it matches my own work, which calls for a high turn to occur on 10-9
plus or minus one day near the target range of 857-862.

<span
style='font-size:12.0pt'> 

<span
style='font-size:12.0pt'>Good trading to all,

<span
style='font-size:12.0pt'>E

<span
style='font-size:12.0pt'>http://groups.yahoo.com/group/snpforecasts

<span
style='font-size:12.0pt'> 

<span
style='font-size:12.0pt'>PS: Please forgive my poor charts. I have to use MS
word to do my annotations. It makes for a sloppy looking chart.

<span
style='font-size:12.0pt'> 

<span
style='font-size:12.0pt'><img border=0 width=800 height=600 id="_x0000_i1025"

<span
style='font-size:12.0pt;font-family:"Courier New"'>

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