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 -----
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 -----
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.