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Re: [RT] sp 500 cash 1383

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volume suggests another new hi   then  down
maybe tomorrow we get to  144 on spy  and then  the move down starts
Ben
  ----- Original Message ----- 
  From: Jim White 
  To: realtraders@xxxxxxxxxxxxxxx 
  Sent: Wednesday, January 17, 2007 4:47 PM
  Subject: Re: [RT] sp 500 cash 1383



  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@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 
      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.