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My work suggests that there is better than 80%
probability of a higher high tomorrow,
However
would not be surprise to see a lower close
(may even take out today's low)
reasons are
a vix and vnx are at a 21 day low
and,, p/c is not bullish
the perfect stop loss suggests that if you are long to place
your stop at 866.90
and it goes up 1 point every 15 min,
take profit on all longs at
878.15
and after we visit there, you sell short at
866.5
nice day
Ben
home of the perfect stop loss
(trade station, wave wise, and metastock
compatible)
<A
href="">profitok@xxxxxxxxxxxxx
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Rhonda
Guilbeaux
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 10, 2003 11:39
AM
Subject: [RT] Short term
"Possible" short term low forming.<FONT
face=Arial size=2>
Hurst 4 shows yesterday
into today. Weekly Projected High 900, Projected
low 858 for this week. 5 plus 858 is 863.
Still holding above 858, but
still consolidating at the lows
at present.
If last weeks lows tested
and broken obviously
would become an acceleration in the present
downtrend.
For now still above higher support and 50
day ma also.
Time/Price will tell.
Noted Max Pain BobR posted at 850 in a
previous post; also Ira's and Jim's
recent posts. Thanks.
Best,
RhondaTo
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