Re: [RT] tomorrow

[Ben <profitok@xxxxxxxxxxxxx>]

sp will make a lower low

NASDAQ will not

NASDAQ may have bottom already

Ben

----- Original Message -----

From: Jim White

To: realtraders@xxxxxxxxxxxxxxx

Sent: Wednesday, June 08, 2005 7:49 PM

Subject: Re: [RT] tomorrow

Despite the bullish open, all major indexes put in lower lows as expected today. The disappointing thing is the sell off was not severe enough to reverse the longer term model. This implies underlying strength and may signal a mild correction here. Drat, I just hate it when the market doesn't do what it is supposed to.

The bullish report on oil inventories today acted as an impulse to delay the ultimate reversal and decline in the energy sector. Lesson learned - do not short before a major report - I did and got burned pretty good.

Gold did reverse and should continue down for awhile.

Tomorrow is now somewhat uncertain for stocks. We have had several days of correction in the semis, biotechs, software and other sectors and are at bullish support for most. Buy and sell candidates are about equal for tomorrow andthere are few Near Impulse dates to consider here so may be a sideways day until Greenspan speaks.

Jim

----- Original Message -----

From: Jim White

To: realtraders@xxxxxxxxxxxxxxx

Sent: Tuesday, June 07, 2005 12:26 PM

Subject: [RT] tomorrow

My models are signaling a lower low for NAZ and DJIA tomorrow. The longer
term model has not yet signaled a reversal but it is within two days of such
a signal. The longer term signal is good for mutual fund switching .
Curiously my short term trading system has only given me short opportunities
this week and most have proven profitable.
I am also short gold today and energy stocks tomorrow.
Jim White

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