Re: [RT] sp 500 cash 1383

["Jim White" <jwhite43@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>]

A move to 1383 to 1395 is certainly possible but I have buy signals in both cash and SPY for today. A drop of 29 points would require a major bearish impulse . I more likely scenario is slow up move to the Thursday- Friday-Monday window and a decline thereafter.

Jim
  ----- Original Message ----- 
  From: Zaitzeff@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 
  To: realtraders@xxxxxxxxxxxxxxx 
  Sent: Tuesday, January 09, 2007 12:16 AM
  Subject: Re: [RT] sp 500 cash 1383



   Thanks, Ira, yours is an opinion I respect highly. And Ben's also. It's just that I don't see it hitting 1383 tomorrow.  And then with a reversal, other than a dead-cat bounce off the bottom, all intra-day seems highly unlikely.   Is the 1444 also in cash or in the futures? 
     Currently in the cash I see minor support at 1403; next major at 1386 and if it breeches that the next stop would be about 1378. 
     Timewise to hit 1383, I could see 1/12, Friday, or 1/15 Monday. And I thought the first major report out this week was on Friday. But, then a large bear growl could have us scratching our fingernails on the blackboard on the way down. 
     For tomorrow, although a down move to 1405 is possible, I see just as likely an up to close at 1418.5 cash. But, my first guess is usually wrong. Anyway,  ....
     Thanks for your thoughts and your wisdom. 
          Larry Z.