----- Original Message -----
Sent: Saturday, March 03, 2007 01:58
PM
Subject: Re: [RT] SPY low
Hello Earl
you are Both right and wrong
As you see I suggested to buy at a lower
low
the reasons the low is in for monday
are
a:new low only decrease from 88 to
74
b:new low DECREASE on a big down
day
c:put to call ratio for 3 days on
BOTH qqqq ,spy,, ndx,,, spx,,
are more than 3 puts for every
call
the bounce we have now is only of a
magnitute from 1.3%-2.1%,
so 1380.84*101.3% will be 1398.82
cash
to intra day hi of 1409.86
then we go to 1313 sp via 3/12-3/14
----- Original Message -----
Sent: Friday, March 02, 2007 9:24
PM
Subject: RE: [RT] SPY low
I suggest that there is a strong message
when the market closes at the lows and it is not that a bottom is in ...
yet.
Earl
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.
