|
PureBytes Links
Trading Reference Links
|
Today's high so far of 885 satisfies my first target range. If
you are already long I would hold long for a move higher into the first range or
possibly on up to the 904-905 range. I would enter a protective stop for
875.
Likewise since we have reached within six points of a target
range and then retreated to move outside the six point range we now have a
potential sell signal at approximately 875. After today's high we should see at
least a two day drop toward the 10-23 low plus or minus two days.
Good trading to all,
E<SPAN
class=675300018-17102002>
PS: All targets are
for the cash index
<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’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=1034877826?"; 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.
|