Jim
The numbers I compute are explained on the attached chart. As to
the exact methodology I can't explain that. Suffice it to say it is just like
any other set of moving averages. Most of the time if I listen to what they
are saying they work. Sometimes they don't and thats why I need a stop
loss.
Rakesh
Jim White <jwhite43@xxxxxxxxxnet>
wrote:
Rakesh,
What relevance does 1454 have. This is below
the high of yesterday thus today would probably be an inside day on low
volume - telling us nothing about the acceptance of higher prices
.
Please tell us why you think 1454 is
significant.
Jim
-----
Original Message -----
Sent:
Wednesday, August 29, 2007 8:24 AM
Subject:
Re: [RT] Gspc.gif
Close
today above 1454 S&P500 cash basis should signal the end of
this correction and establish the Higher Low I was hoping to
see.
Rakesh
Jim White <jwhite43@xxxxxxxxxnet>
wrote:
Beware the bear trap.
Jim
-----
Original Message -----
Sent:
Wednesday, August 29, 2007 7:53 AM
Subject:
Re: [RT] Gspc.gif
i believe we are closer to a bottom
i will close my shorts when sp today is minus 5-7
Ben
----- Original Message -----
From: John
Date: Tuesday, August 28, 2007 11:03 pm
Subject: [RT]
Gspc.gif
To: realtraders@yahoogroups.com
>
This used to be such a good list.... what happened? I left
>
because of
> the fighting.... has that changed??
>
> too quiet............
>
> first and last
post.....
>
> good
bye........................
>
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