the statistical probability we make a higher hi tomorrow is >70%
the probability we close higher is <20%
also look at this
this is a perfect bearish divergence
Ben
----- Original Message -----
From: Jerry
Date: Tuesday, February 26, 2008 9:27 pm
Subject:
[TimeandCycles] resistance
To: undisclosed-recipients: ;
>
Fact : Today was the first time we have had 3 up days in row
> since
> 12-21-07
>
> Resistance 1382.10 & R2 @ 1392.39
>
1382.10+1392.39/2 = 1387.24 spx high was 1387.34
>
>
>
Btw tomorrow
> 1377.31 1391.32 1367.27 1401.36 1353.26
>
>
pivot resistance support r2 s2
>
>
> Looked to me we hit
strong resistance at 1385 today, yesterday chart.
>
> I still look
a low Thursday 28th starting tomorrow.
> On the attached chart I think the
first green hit is unlikely
> but we do
> hit red targets. No
secret I'm short SDS more today.
> Wishful thinking ?
>
Jerry
>
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