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Chas.:
I still don't have a sell signal. This price
objective has shown resistance and a retracment can be expected. Here are
my next price projections to the up side. 1262, 1304, 1342 and finally
1435. Each should provide resistance to an up move and a retracement
should occur. Each has a probability which is less then the previous
price objective. These prices are from a longer term chart.
Short term upside projections are 1252 and 1257 and
getting through The target price of 1266 will take quite a push. That is
the target price for the short term move. I have no entry price at this
time for a down move here. The retracement that could occur here should
find support at 1246 with a downside target of 1241.
All numbers are rounded off.
Stuck my neck out again. Let us see how
things play out next week.
Have a good week end. Ira.
----- Original Message -----
Sent: Friday, September 09, 2005 7:37
PM
Subject: [RT] 60 min ES and vix
sorry for the busy chart
Earl had noted that reaching swingmachine
projections early tended to imply a continuation, late then a
weakening/failure.
Ira, had said, some time ago, something
similar about the timing of highs in relation to cycles, early in an uptrend
and late in a down trend
Vix is outside the Hurst bands, something may be
ready for a change?
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