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my work suggests 1 more day lower
and until we take out last week low the trend is still
up
attach is my short term profit taking index,, when the bands
narrows it is NORMALLY before a big move
is it up or down?
I am in the camp of 911 cash sp as min target and
possibly 917 AFTER Tuesdays pull back to 877
Ben
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Travis
Jordan
To: <A
title=wheelsinthesky@xxxxxxxxxxxxxxx
href="mailto:wheelsinthesky@xxxxxxxxxxxxxxx";>wheelsinthesky@xxxxxxxxxxxxxxx
Sent: Monday, October 28, 2002 7:25
PM
Subject: RE: [wheelsinthesky] s&p
today!
<FONT face=Arial color=#0000ff
size=2>Lorin,
I'm
getting indications we are going to see a short squeeze/buying
panic into a major swing high next week. Today's rally above 903 SPX
should not have occurred if we were going to go lower into 11/7 imho.
Even though the SPX closed below 903, it cleanly broke out of several ellipses
today and formed another nice higher low. The retracement into the close may
be setting up a large move up the next 5 days. 877 SPX is now key support. The
NDX may be in a fractal of the 1998-2000 pattern with the chop we've seen
the last week associated with 1999. The 10/10/02 low is associated with the
10/8/98 low. A high next week will be associated with the 2000 high. A rally
above today's high will confirm the ellipse breakout and lead to higher
prices.
<FONT face=Arial color=#0000ff
size=2>
Best
Regards,
<FONT face=Arial color=#0000ff
size=2>Travis
<FONT
face=Tahoma size=2>-----Original Message-----From: ctx82003
[mailto:reikimstr@xxxxxxx] Sent: Monday, October 28, 2002 12:20
PMTo: wheelsinthesky@xxxxxxxxxxxxxxxSubject:
[wheelsinthesky] s&p today!By my analysis,
price is good today, time is good today, and reversal bar is trying to
confirm. I was hoping to see 912 - 915 by today but will settle
for 908.7......... The Mars-Neptune trine seems to be causing
it some trouble as is Venus ingress, with lunar voc until after the
close. The market confusion today could be simply the voc.
None of the traders know which way to go : )Best Regards,
LorinTo unsubscribe from this group, send an
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