|
PureBytes Links
Trading Reference Links
|
The Pivot Trading methodology uses a number of ways to predict the possibility of reversals. In the last three days four of these methods have signaled a reversal and tomorrow we enter the reversal window forecast by the Near Impulse so tomorrow movement below 142.69 will confirm the reversal with a near term target of 141.65 and a longer term target of 139.50.
Jim
----- Original Message -----
From: Jim White
To: realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, January 09, 2007 5:40 AM
Subject: Re: [RT] sp 500 cash 1383
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.
|