Hello Jim
my work suggests the bottom is
in,
I will only enter with 25% of
position, (when we make a lower low on monday),
my stop loss is $1
under QLD LOW of monday
Ben
----- Original Message -----
Sent: Friday, March 02, 2007 4:51
PM
Subject: Re: [RT] SPY low
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 -----
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 -----
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