Re: [RT] sp 500 cash 1383

[Ben <profitok@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>]

great call JIM
  ----- Original Message ----- 
  From: Jim White 
  To: realtraders@xxxxxxxxxxxxxxx 
  Sent: Tuesday, January 23, 2007 6:01 PM
  Subject: Re: [RT] sp 500 cash 1383



  All major stock indexes have met their near term price objectives for this down move. Today's market action resulted in bullish signals for most of them. Tomorrow will probably be decisive in determining if the decline will persist or if we will test the previous highs. Personally I closed all short positions today and actually made some money on the long side but will wait for tomorrows opening salvo to reposition trades.

  Regards,
  Jim
    ----- Original Message ----- 
    From: Jim White 
    To: realtraders@xxxxxxxxxxxxxxx 
    Sent: Wednesday, January 17, 2007 1:47 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@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 
        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.