Re: [RT] Top coming

["Jim White" <jwhite43@xxxxxxxxxxxx>]

The tradable high pivot I called for came in on 7/17 for the DOW and S&P and 7/19 for the NADAQ - not quite the order I expected but right on the forecast dates.

It is now time to consider when this down move will end and if it will continue on a longer time frame basis. Friday, 7/27 appears to be a critical date - it is a Near Impulse date.

We can expect either a low pivot or an acceleration to the downside around Friday. Below  I have listed the target prices and critical weekly close values. If we close below the weekly values, look for continued decline on the weekly charts.

If we reach the first target levels and reverse, we can expect the bull to continue its run.

 

MARKET        1st Target        2nd Target        Weekly close

 

DIA                137.22                134.75            137.84

SPY                153.00                149.95            152.25

QQQQ            49.02                48.03                49.60

IWM                83.45                81.75                82.86

 

Good Trading

 

Jim White

Pivot Research & Trading Co.

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

From: Jim White

To: realtraders@xxxxxxxxxxxxxxx

Sent: Monday, July 16, 2007 8:23 AM

Subject: [RT] Top coming

On 6/23 I posted that a tradable low for the major indices would occur on 6/27 or 6/28. That low was 6/27 and we are now approaching a tradable high pivot. Expect the high to occur on 7/18 or 7/19 with the NASDAQ cracking first on and possibly topping tomorrow.

 

Regards,

Jim White

Pivot Research & Trading Co.

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