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Re: [RT] next high

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As expected, Friday was an attempt at a reversal with a lower low and lower close than Thursday. The expectation for today (Monday) was for the decline to continue however, after the first 30 minutes of trading, it was obvious the market environment was still bullish and it did not weaken until the last 30 minutes of trading. It is equally obvious that my forecast for a high pivot and reversal was a failure although I can't help but feel we are being set up for a major reversal.
A major reversal may need an unexpected bearish impulse to spark it in the next three days. The next Near Impulse date is Wednesday, 10/3 so we shall see what occurs.
 
Best Regards,
Jim White
Pivot Research & Trading Co.
----- Original Message -----
From: Jim White
Sent: Wednesday, September 26, 2007 12:37 PM
Subject: Re: [RT] next high

We should be reaching another near term high on Thursday or Friday(Near Impulse dates). This time, the NASDAQ should lead the way down.
 
Jim White
Pivot Research & Trading Co.
----- Original Message -----
From: Jim White
Sent: Wednesday, September 19, 2007 7:30 AM
Subject: [RT] next high

Good morning everyone.
 
My work suggests that the impulse from the Fed rate cut should expire by tomorrow and the markets should resume a downward bias. Tomorrow, 9/20, is a Near Impulse day for all major market indices indicating a high pivot.
 
On another matter - has anyone on the list investigated the work of John Taylor? If so and you would like to compare notes, contact me privately.
 
Thanks.
 
Jim White
Pivot Research & Trading Co.

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