RE: [RT] short term top

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

Hi folks,
I got a little careless and missed the first high probability target range. 
If this rally is for real, and there is good underlying strength then the 
832-834 target range will provide support for the low turn.
E 

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Hill, Ernie 
  [mailto:ernie.hill@xxxxxxxxxx]Sent: Wednesday, October 16, 2002 
  8:25 PMTo: 'realtraders@xxxxxxxxxxxxxxx'Subject: RE: 
  [RT] short term top
  Hi 
  Ben,
  <SPAN 
  class=449221901-17102002> 
  <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> 
  <SPAN 
  class=449221901-17102002>  
  I am not yet completely convinced that 
  the high is in. Yesterday&#8217;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 
      style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <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. 
      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. 
    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


<font face=arial
size=-2>ADVERTISEMENT<img src="http://ad.doubleclick.net/ad/N879.ameritrade.yahoo/B1054521.11;sz=300x250;adc=ZHS;ord=1034823981?"; alt="" width="300" height="250"
border="0">









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.