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Attached is an update of the forecast for the
QQQQ's made on 9/11/05. As seen the high came in at the expected price and time
followed by a low on the 9/22 date. Note that 9/27 was a intraday reversal with
a lower low but no pivot confirmation. Price then continued up to a high
pivot on the 10/4 forecast date. Tomorrow is another forecast date and we
are at a price level where a reversal can be expected. Also note that the next
forecast date is 10/21 so we could have an extended move.
Jim White
----- Original Message -----
Sent: Sunday, September 11, 2005 10:28
AM
Subject: [RT] Health of the markets
Attached is the Near Impulse Forecaster view of the Q's
showing an expected
high pivot by Tuesday. Change in trend dates are also
projected for 9/22 and
9/27 but it is too early to determine if they will
be high or low pivots.
Static cycle work suggests that area as a possible
low but static cycles are
very unreliable.
As far as the general health
of the market all stock indexes confirmed low
pivots near mid-channel on a
weekly basis and would seem to have more upside
potential. However all
stock indexes share the Near Impulse dates at the
beginning of the week
indicating a decline or possible consolidation period
of several days
before higher highs are reached.
My work with the individual stocks of the
DJIA and NDX100 suggests many more
shortening opportunities than long trade
opportunities for next week.
Jim White
YAHOO! GROUPS LINKS
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