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Re: [RT] What's next

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Here is what I have on a little longer tome frame chart.  I currently have downside pressure on this chart.  The entry price for a move down based upon the current high would be 14000 with the first price objective at 13,890.  14000 has acted as support in the past and could do so again.  For price to restart a move higher price would have to go through 14101 and the first price objective for that short cycle move would be 14145.  The target for the longer cycle would be 14211. 
 
Good luck and good trading.
 
 
----- Original Message -----
From: Clyde Lee
Sent: Sunday, October 07, 2007 7:10 AM
Subject: Re: [RT] What's next

See chart for explanation.
 
SwingMachine is application which collects data over
time period loaded consisting of leg lengths in time
and percentage of price and then uses these data to
project the next set of pivots.
 
Clyde
----- Original Message -----
From: Jim White
Sent: Friday, October 05, 2007 11:59 AM
Subject: [RT] What's next

Let's have some discussion here!
 
Will today's spike up move mark a high from which the markets will decline or are we headed higher next week?
 
Since yesterday was an inside day for the indices,my work indicates a high today and a decline to around 10/17. If we reach a higher high on Monday, the forecast has failed.
 
If you express an opinion, please explain your rational.
 
Regards,
 
Jim White

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