RE: [RT] next week, RealTraders Email List Archive

I am with you

Ben

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Jim White
Sent: Friday, September 25, 2009 11:34 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] next week

Rhythm or new trend?

The decline began with the outside day reversal Wednesday, one day after the Near Impulse day. This is the third day of the decline and the question is this the beginning of a longer term decline or merely a correction rhythm in the up trend?

I am generating buy signals today on SPY,DIA and IWM after reaching support at the mid line of the PivotTrend channel. A preliminary scan for Monday generated mostly buy signals, suggesting the decline may terminate today.I have closed all my puts and have only one short working - let's see how the day ends.

Jim White
Pivot Research & Trading Co.
PivotTrader.com

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

From: Jim White

To: realtraders@yahoogroups.com

Sent: Saturday, September 19, 2009 4:44 AM

Subject: Re: [RT] next week

Last week's attempt at a reversal was quickly dissipated on Monday's Near Impulse day as all markets opened at new lows and put in new highs.

Intraday sell offs were usually reversed at the end of the day.

This coming week may be a different story. We again have a Near Impulse day for the DOW, NASDAQ, and Russell on Tuesday and the S&P had one on Friday with a sell signal. Retail sales on Tuesday could be the impulse for a decline.

Last week's performance for the Rhythm Indicator was 14 out of 18 long trades profitable and 16 of 21 short trades profitable.

Regards,

Jim White
Pivot Research & Trading Co.
PivotTrader.com

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

From: Jim White

To: realtraders@yahoogroups.com

Sent: Sunday, September 13, 2009 5:26 AM

Subject: [RT] next week

The equity markets have experienced a strong bullish move during the last five days, however they are all nearing conditions for a correction.

Monday is a Near Impulse day for all major indexes and they are all flashing trend change warning signals. We are not quite there but I suspect action on Monday or Tuesday will produce sell signals and the decline will begin. How far will they fall? - no one knows but traders should find more opportunities on the short side.

Overall, the markets appear healthy so I expect it will take a major bearish impulse or a series of lesser bearish events to precipitate a major decline.

Jim White
Pivot Research & Trading Co.
PivotTrader.com

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