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Ernie-
Thanks for your thoughts and comments. I'm
interpreting your work as saying that the market will
'probably' be down tomorrow?
chas
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----- 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'
Sent: Thursday, October 17, 2002 1:03
PM
Subject: RE: [RT] short term top
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
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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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