Re: [RT] SPY low

["Jim White" <jwhite43@xxxxxxxxxxxx>]

So far the low and perhaps bottom was put in on 3/1 as forecast however today's action did nothing to indicate a reversal is underway. All major indices put in inside days today and gave weak buy signals however the change in trend may be a sideways consolidation instead of a bounce upward. The next Near Impulse date is 3/9 and could be another leg down if we move sideways into that date. We will have to wait for early week action to get a better feel for what's next.

 

Regards,

Jim

----- Original Message -----

From: Jim White

To: realtraders@xxxxxxxxxxxxxxx

Sent: Tuesday, February 27, 2007 11:54 AM

Subject: Re: [RT] SPY low

OOPs!

Selloff is clearly greater than expected and being ruled by irrational selling thus putting it beyond the normal expected levels for a correction. The reversal date (end of decline) should still be 3/1 however can no longer project the level of the decline. If you are short - be happy.

I closed my shorts way to early.

 

Jim

----- Original Message -----

From: Jim White

To: realtraders@yahoogroups.com

Sent: Tuesday, February 27, 2007 7:20 AM

Subject: [RT] SPY low

I apologize for not posting the sell signal  I recorded on 2/22.

Expect a low for SPY between 142.70 AND 141.70 on or around March 1.

 

Jim White

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