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You better stick to it could go up, it could do down,
or it could continue... all plus or minus 2 days of
course.
--- Mark Simms <mar.ko@xxxxxxxxxxx> wrote:
> Back to October 98 lows then ? Hmmmmm.....for this
> to happen, Osama or Sadam
> must show their existence.
>
> -----Original Message-----
> From: Jim White [mailto:jwhite43@xxxxxxxxxxxx]
> Sent: Sunday, September 28, 2003 12:45 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Monday
>
>
> Yesterday I noted that all three major stock
> indexes were in a TEN buy
> condition indicating an up movement likely for
> Monday. Today I will expand
> the analysis to put this in perspective.
> All three indexes (DJIA, S&P500 and Nasdaq) share
> common structural
> characteristics and Near Impulse dates so I will
> summarize for all three.
> On a monthly basis all three appear to be
> completing part of a bearish
> Elliott Wave structure from the March 2000 top. The
> S&P and NAZ appear to be
> completing a Wave 4 up move of 6-7 months. The DJIA
> is more ragged and could
> be in a Wave 4 or a C move. All three are within the
> monthly Near Impulse
> reversal forecast window and giving sell signals.
> The next NI forecast date
> is November, 2003
> So, in summary, on a monthly basis all indexes are
> in an up trend within a
> larger bear market decline but signaling a monthly
> reversal. A monthly
> reversal should carry the DOW to the 73-7400 level,
> and the S&P to the 800
> level.
>
> On a weekly basis all three indexes reversed their
> 5-6 week up trend and
> confirmed the high weekly pivot. The next weekly
> Near Impulse forecast is
> for the week of 10/24/03 so I expect downward
> movement into this time frame.
> On a daily basis, yesterdays post indicated that
> all indexes were in a buy
> condition, sharing a Near Impulse forecast date of
> 9/26. Three things can
> happen at these dates, depending on new impulses
> hitting the markets. In
> most cases, with positive information to work on,
> the markets will reverse.
> That is the most probable outcome. If new
> information hits the markets
> supporting the current (down) trend condition. the
> markets will accelerate
> in that direction. If no new impulses hit the
> markets, a sideways movement
> could result.
> The indexes also share forecast dates of 10/1 and
> 10/3 so my
> interpretation is that we get a short upward
> reversal into mid-week with
> another high pivot and downward reversal carrying to
> new weekly lows.
> In PivotTrading, we do not enter positions until
> some confirmation of the
> pivot is exhibited. Trading above Friday's highs
> will be the first
> indication.
> Hope this helps in understanding the analysis.
>
> Jim White
> PivotTrader.com
> Home of the Near Impulse Forecaster
> ----- Original Message -----
> From: Jim White
> To: realtraders@xxxxxxxxxxxxxxx ;
> gannsghost@xxxxxxxxxxxxxxx
> Sent: Saturday, September 27, 2003 12:02 PM
> Subject: [RT] Monday
>
>
> I have a TEN buy condition for all major indexes
> for Monday.Ten buys
> occur
> when we have a Near Impulse forecast combined
> with the market at the
> bottom
> of a channel and a %R buy signal. There is a
> high probability of an up
> week
> with another reversal on Thursday or Friday.
>
> Jim White
> PivotTrader.com
> Home of the Near Impulse Forecaster
>
>
>
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