----- Original Message -----
Sent: Thursday, October 06, 2005 7:44
PM
Subject: RE: [astrofin] Fw: [RT] Spx
Daily
Hello
Ben,
Here
are some level calcs I've been using to good effect for a number of years now
:
<G> |
1552 |
F |
1350 |
E |
1248 |
D |
1156 |
C |
1064 |
B |
964 |
A |
768 |
As the
lettering might indicate, the scale is based upon an octave of 7 and musical
theory.
Drawing
horizontal lines on an SPX chart at these levels has thus far produced very
useful
results.
I note
that 1064 is right in line with Clyde's Swing Machine
target.
Always
nice when multiple tools agree, and also when such levels
pop out
on the charts to the eye as well.
Cheers,
Darrin
----- Original Message -----
Sent: Thursday, October 06, 2005 9:45 AM
Subject: Re: [RT] Spx Daily
See SwingMachine results on the attached.
----- Original Message -----
Sent: Thursday, October 06, 2005
07:11 AM
Subject: [RT] Spx Daily
S&P 500 daily with hand EW counts. We are now at/close to levels
where market should show its true colors. Either this is a correction and
decline will complete at W.c.C target or move will accelerate (within a
couple of days) into the W.3.3 target signaling that a decline of at least
intermediate strength is underway. I suspect that the speed with which it
sliced through the LT support line is telling us it will be (at minimum)
an intermediate decline.
That said, odds suggest that the easy money on the downside has been
made for the moment. I covered my short at 1201 and will re-short on
retracement.
Earl
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