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Hi Victoria
hey thinking along the same lines. Looking for a
possible top in the first or second week of July. I had a 15-day cycle target to
971-979, hit today (see chart #2 attached). The last Hurst chart I did was
posted on the marketviews show, attaching it as well - though it is a few days
old.
if 970-972 holds on a close, with light volme, then
higher highs expected in July. closing below 970 on heavier volume would break a
larger VTL line from the 60 day cycle and would tell us that the down phase of
the 120 day cycle is in progress, with a low expected in August. If seen this
would make July a secondary top. the action over the next session or three will
be telling.
Jim
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
<A title=thegirlisherenow@xxxxxxxxx
href="">victoria keeling
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, June 23, 2003 3:42 PM
Subject: [RT] SPX...hee-hee...
Duh, should I be embarassed to show my face today?...ah, we all make
mistakes...it's just tough when they're so public. This correction was
due. And it will be even more positive if it drops a few more points to the
bottom of the channel around 972. A lot of folks may be thinkin this
rally is over... but look for [very possible] new highs from here, as we are
still in an uptrend off the march low! All bets are off if the channel is
taken out to the downside in the next day or so...BUT...if not, we could
see a strong thrust up over the next several weeks.
The attached chart was done earlier today...since then,
price is dropping closer to the channel bottom. That will
change the "potential" targets a bit...but still check out the area for
the Bradley turn date of 7/2. [The projected path I drew in
is only for general direction.] I see that Arch Crawford is
looking for a big drop after the Bradley
date...however, IF we close above the median line
shown on the chart, there is a good chance the SPX will make a run for the top
of the channel! Sure, this is "just" a bull rally in a secular bear mkt,
but I'd think hard about selling it short just yet...
[As for accurate market predictions, ya can't beat Jim Curry, with his
hand-drawn Hurst charts and cycle timing. I'd love to know what he's saying
right now!]
Alright, that's enough fun for today...
Victoria
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