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1455 odd is the 87.50% retracement from 2000 Highs to 2002 Lows. The way the Forks and Bollinger Bands are shaping up in the attached chart seems to suggest that this level will be touched in the very near term atleast once prior to any serious downmove.
Rakesh
----- Original Message ----
From: Tim Mack <tmacktrading@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, January 18, 2007 6:57:15 PM
Subject: Re: [RT] sp 500 cash 1383
FWIW- paper continues heavily on the sell side in the S&P pit, up ticks have been local bids, option arbs and stops triggered.
Paper will likley start to cover on new contract highs if we get there
Tim Mack
Ira <mr.ira@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote:
Ben:I
have a price objective of 1440. could be a good number.
Ira
www.thetradersguide .net
----- Original Message -----
From: Ben
To: vincent new ; vincent ; realtraders@ yahoogroups. com
Cc: astrofin@xxxxxxxxxx s.com ; ntt-list@xxxxxxxxxx s.com
Sent: Wednesday, January 17, 2007 2:02 PM
Subject: Re: [RT] sp 500 cash 1383
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@ yahoogroups. com
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@ yahoogroups. com
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@xxxx com
To: realtraders@ yahoogroups. com
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.
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