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My work suggests that the sp500 will find a bottom on
Monday,
However the NASDAQ has more to go on the downside and
will put a drag on the upside of the sp500,,
we will see a dead cat bounce,, but ,, lower lows
ARE coming(in BOTH NASDAQ and sp500
volume is AHEAD of time by 2-55 days
and that is a problem for an option player but not for a
position player
nice week end,, and get ready to re short in 3-5 buss
days
Ben
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=reikimstr@xxxxxxx
href="mailto:reikimstr@xxxxxxx";>reikimstr@xxxxxxx
To: <A
title=wheelsinthesky@xxxxxxxxxxxxxxx
href="mailto:wheelsinthesky@xxxxxxxxxxxxxxx";>wheelsinthesky@xxxxxxxxxxxxxxx
Sent: Sunday, November 10, 2002 9:33
PM
Subject: [wheelsinthesky] S&P
<FONT lang=0 face=Arial size=2
FAMILY="SANSSERIF">Claude, Because Travis has not shown us
graphics of what he sees; I cannot say whether I agree or not with his
assessment. See my graphic below. The market stopped where
I would expect it to, "in time", and has reversed into the 8th of November
time period. There are further inflection points coming up.
I am not yet convinced that the top of this move is in. I have
some ideas but will allow the market to tell me. But I can
say this: time is running out for the upside in this market!Best
Regards, LorinTo
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