Re: [RT] Oil & SP-500 Impulse Times

["LB" <nsite@xxxxxxxxxxxxxx>]

What type of cycle analysis and what do you mean as far as something to happen?

 

 

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

From: Pete Lieber

To: realtraders@xxxxxxxxxxxxxxx

Sent: Wednesday, December 03, 2008 9:08 AM

Subject: [RT] Oil & SP-500 Impulse Times

I called for yesterday to be an impulse day for the oil ETF (USO).  Though USO closed at the low of the year I wouldn't call it an impulse day, so I ran the cycle analysis on the USO 1-hour chart and it's calling for something to happen around 11:30 a.m. today (1-1/2 hrs from now).  We shall see.
 
In addition, I ran the cycle analysis on the S&P 1-hour chart.  It is calling for something to happen around 12:30 p.m. Friday.  Again we shall see. 

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