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Ben - I did some work last night that supports Norman's position that
we are down until the first couple of days of next week. For
reference, the work is posted at:
http://epcalc.netfirms.com/Data2/fcst130.htm
Regards
Ned
--- In realtraders@xxxxxxxxxxxxxxx, profitok <profitok@xxxx> wrote:
> 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)
> profitok@xxxx
>
> ----- Original Message -----
> From: Rhonda Guilbeaux
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Thursday, April 10, 2003 11:39 AM
> Subject: [RT] Short term
>
>
> "Possible" short term low forming.
> 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,
> Rhonda
>
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