re: "..as volume now points to 1050 in 4-8 weeks"
If that occurs, invest in Corning Glass....as the number of window-jumpers
will result in massive demand for glass.
_____
From:
realtraders@yahoogroups.com [mailto:
realtraders@yahoogroups.com] On
Behalf Of Ben
Sent: Friday, June 27, 2008 11:45 PM
To:
TimeandCycles@yahoogroups.comCc:
realtraders@yahoogroups.comSubject: [RT] Re: [TimeandCycles] JUN 27 analysis
Hello Jeffrey
today we had a classic volume reversal
i can not go into detail(propriety)
the statistical probability we made a low is better than 80%
congratulations to Jaolsa5 for pointing today as a low
and to Francis for pointing out yesterday as low
Also to Sergey
and to the cycle club software
now please, that does NOT mean we are out of the woods
it ONLY mean a dead cat bounce to 1325-1350
which should be used to AGGRESSIVELY short
as volume now points to 1050 in 4-8 weeks
nice week end
Ben
----- Original Message -----
From: jeffrey <mailto:
eyeballs123@yahoo.com> tennant
To: Jeffrey Tennant <mailto:
jeffreytennant@comcast.net>
Sent: Friday, June 27, 2008 8:40 PM
Subject: [TimeandCycles] JUN 27 analysis
Monday's call: Yesterday we gave two scenarios for today's trading, neither
of which was particularly prescient. The 1293.81 target did not print in the
preferred time frame and gets added to the list.
The enclosed picture is of a 120 minute chart. The bar marked by the yellow
arrow pointing down shows the start of a sequential buy signal. The bar by
the white 9 is the last bar of set-up. The blue numbers up to 13 show the
signal has triggered. A TD combo buy signal (not shown by numbers) has
triggered as well. On a 60 minute chart, we have a 9/13/9 sequential buy
signal.
The yellow, purple and white Fibonacci grids show multiple Fib support at
today's low. (Focus on one color at a time and it is not as busy as it
seems.)
Thus numerous patterns show major support at today's low accompanied by
major buy signals on long term charts. Monday should be up and probably up
big. A failure of support at today's low would be disastrous for the bulls.
Longer term, today's action practically ensured that the year's low would
break at some time.
Personal to mmb: Please post this on avid for me. Thanks
Jeff