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RE: [RT] short term top



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After 
further review I now believe that the BEAR market rally will likely fizzle out 
shortly before the elections.

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Hill, Ernie 
  [mailto:ernie.hill@xxxxxxxxxx]Sent: Thursday, October 17, 2002 1:58 
  PMTo: 'realtraders@xxxxxxxxxxxxxxx'Subject: RE: [RT] 
  short term top
  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.
  <SPAN 
  class=630245418-17102002> 
  <SPAN 
  class=630245418-17102002>E
  
    <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
    <BLOCKQUOTE 
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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
        <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.
        <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: 
            <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/
            <SPAN 
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