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Yes
Charles that is correct. However, I believe it will be a short lived pullback. I
do not have downside targets yet, but they will likely be higher than those
I had posted earlier in this thread. I am now of the opinion that we are in the
early stages of a strong BEAR market rally that will likely last into
January.
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<FONT face=Tahoma
size=2>-----Original Message-----From: Charles Meyer
[mailto:chaze@xxxxxxxx]Sent: Thursday, October 17, 2002 1:24
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] short
term top
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
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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
<SPAN
class=449221901-17102002>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.
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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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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:ernie.hill@xxxxxxxxxx";
title=ernie.hill@xxxxxxxxxx>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/
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