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Jim-
Just to clarify; that's OCTOBER?
Tks.........Chas
----- Original Message -----
Sent: Wednesday, June 29, 2005 8:20
AM
Subject: Re: [RT] More worries for the
market
Hi Jim,
With the termination of
this last rally that you
see coming (around DJIA 10520), are you saying
that we
will decline into the 10/13 to 10/15 low? If so, do
you
have a low target?
Thanks,
Betty
--- Jim White <jwhite43@xxxxxxxxxxxx>
wrote:
> The rally today happened on que fueled by
the
> decline in the energy sector. I expect the rally to
>
terminate on Friday or Monday with the DJIA around
> 10520 and the QQQ
around 37.78.
> The next significant low would be expected
around
> 10/13 to 10/15.
> Jim White
> -----
Original Message -----
> From: Jim White
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Friday, June 24, 2005 7:19 PM
>
Subject: [RT] More worries for the market
>
>
> Earlier in the week I posted models of the NYSE
>
and NASDAQ showing a
> reversal confirmation based on
market breadth.
> The attached charts show the daily and
weekly S&P
> 500 index with paint bars
>
representing sychronization of significant cycle
> lengths in the
market.
> These colorbars are usually within three days
of
> major market moves and the
> weekly can be used
to establish preferred trading
> direction. As you can
see,
> it looks bearish. Furthermore all major
indexes
> show the same thing.There is
> no guarantee
that we could not see higher highs
> and in fact I see
the
> potential for a short term reversal on Tuesday
of
> next week but generally I
> see little hope
for an extended summer rally. I
> warned of this a week
ago
> and this adds more confirmation.
>
Next weeks upward reversal could be fueled by a
> significant decline in
the
> energy sector but there are too many factors
>
favoring the continued climb in
> crude oil prices so I see
it as a temporary
> reaction.
>
>
Regards,
>
> Jim White
>
>
>
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