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Hi
Ben,
<SPAN
class=449221901-17102002>
Thanks
for the compliment, but it may be a tad premature. We shall see. The post I
made to my group tonight best explains my position. Here it
is.
<SPAN
class=449221901-17102002>
I am not yet completely convinced that
the high is in. Yesterday’s high of 881.27 was uncharacteristically short of the
forecast target. I am usually within six points. I know this is splitting hairs,
but it causes me some concern. If the high has yet to happen it will almost
certainly have to happen tomorrow. A break of 875 cash basis, and we will likely
put in a new high for the move tomorrow. If we do see a new high for the move
tomorrow it would be a real good place to get short if we move to within six
points of the target ranges, which for tomorrow will be 889-890 &
904-905.
If the high has indeed been made I am
forecasting a low for 10-23 plus or minus 2 days, and I am leaning toward this
low coming in on the early side of that date. My first target range is 817-825
the next target range would be 812-806. A break of 855 tomorrow will all but
confirm yesterday as the high, and set the stage for further decline to the
first target range.
E<SPAN
style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><A
href="http://groups.yahoo.com/group/snpforecasts/";>http://groups.yahoo.com/group/snpforecasts/
<FONT face=Tahoma
size=2>-----Original Message-----From: profitok
[mailto:profitok@xxxxxxxxxxxxx]Sent: Tuesday, October 15, 2002 9:50
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] short
term top
Great call Ernie
were in price and time is your next turn?
(my vote is for 10/21)
Ben
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Hill,
Ernie
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx ; <A
href="mailto:SPX_Swing_Trading@xxxxxxxxxxxxxxx";
title=SPX_Swing_Trading@xxxxxxxxxxxxxxx>SPX_Swing_Trading@xxxxxxxxxxxxxxx
Sent: Tuesday, October 15, 2002 11:17
AM
Subject: [RT] short term top
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">I am looking for a short term
top either today or early tomorrow in the 887-890
range.
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">E
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"><A
href="http://groups.yahoo.com/group/snpforecasts/";>http://groups.yahoo.com/group/snpforecasts/
<SPAN
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