[RT] Re: Still Bearish, RealTraders Email List Archive

Here is a picture of my long term trading indicator

its used to pick tops and bottoms on any stock, index, commodity,, etc

it only trades 10-20 times per year

when it closes under the lower line ,and then cross back above the lower line ,,its an official buy,right now looks to me we are very close to a temp bottom

and

a 15-30 points up is the most to hope for

as the rest of the picture is still grim

Ben

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

From: fellars119

To: TimeandCycles@yahoogroups.com

Sent: Wednesday, January 02, 2008 3:51 PM

Subject: [TimeandCycles] Re: Still Bearish

Here's what the spx wave count looks like to me. Wave A from 10/11
bottomed 11/12 and wave B peaked at the .618 retracement of A on
12/11. We're in wave C down and this structure is wave b of 2 which
has high odds of being a complex correction (makes a new low during
the corrective process). That suggests near term we make a new low
below the late November low (wave 1 of C) and then rally in wave c of
2 to finish wave 2 of C.

If the larger frame goes to its typical 7 waves (ABCXA'B'C') wave C
will probably be about 1.618 the length of wave A. That targets the
area slightly below 1300 for the next stopping point in a stairstep
bear move with much time left to go.

Roy

--- In TimeandCycles@yahoogroups.com, Jerry <jerryo1314@...> wrote:
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> Just went long at 1 pm everything hit, see what happens in next
hour, low still will be open probably but didn't think we would fill
the chart I posted the other day in one day,
> LOD at 1 pm is great if it holds.Â Biggest high and low we had in
2007 was at ONE pm ET.
>
> Jerry
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> -----Original Message-----
> From: Ben <profitok@xx.>
> To: TimeandCycles@yahoogroups.com
> Sent: Wed, 2 Jan 2008 1:48 pm
> Subject: Re: [TimeandCycles] Still Bearish
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> My long term trading is not on buy
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> However
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> I would be a buyer tomorrow at 1435-1440
> es08h
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> Ben
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> ----- Original Message -----
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> From:
> Jerry
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> To: TimeandCycles@yahoogroups.com
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> Sent: Wednesday, January 02, 2008 11:47
> AM
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> Subject: Re: [TimeandCycles] Still
> Bearish
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> We are close. Failed real fast.
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> -----Original Message-----
> From: Jerry <jerryo1314@...>
> To:
> undisclosed-recipients:;
> Sent: Tue, 1 Jan 2008 6:32
> pm
> Subject: [TimeandCycles] Still Bearish
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> More down Jan 2nd
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> With the 55 td hit past us and the failure to rally the
> close from the 11:30 LOD I look for more down.
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> My 2-3 td trend model is down.
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> Iâ??m not OS
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> I have an 8-16 -40td cycle hitting Jan 3 look for the low
> there on the open. (9:30- 10)
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> BTW that cycle hits again March 13th
> low?
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> Right now my mind set is Tuesday pop rally, re test into
> 11:30am ETÂ ( mirror) then fail.
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> I donâ??t follow the NDX but looking at a chart it
> fits.
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> NDX 2048Â Â Â OEX
> 675Â Â SPX 1448 next 2 days.
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> JerryÂ Â FWIW
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> No virus found in this incoming message.
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> Version: 7.5.516 / Virus Database: 269.17.13/1207 - Release Date:
> 1/2/2008 11:29 AM
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