|
PureBytes Links
Trading Reference Links
|
It is now obvious from the bullish employment
report that hit the market this morning that we will not have a mid-channel
reversal.It is curious, however, that the pre-market has moved close to the top
of the channel and resistance of the 9/19 high at 1039 for the emini.The
possibility of a double top reversal still exists for today.
I have noted before that three things can happen at
these Near Impulse dates: (1) Usually a reversal of trend occurs, (2) An
acceleration of current trend occurs or, (3) A congestion zone results. We
clearly are experiencing the acceleration of trend today. It remains to be seen
if the reversal will occur later today or Monday. The next set of Impulse dates
are 10/9-10.
Jim WhitePivotTrader.comHome of the Near
Impulse Forecaster
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Jim
White
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx ; <A
title=gannsghost@xxxxxxxxxxxxxxx
href="">gannsghost@xxxxxxxxxxxxxxx
Sent: Thursday, October 02, 2003 10:21
AM
Subject: [RT] Mid-channel reversal
Those of you that have been following the Hurst methodology
might want tolook at the channel positions of the major indexes with daily
data. The NearImpulse forecaster is predicting the potential for a
reversal tomorrow. Areversal at mid-channel will be very bearish.Jim
WhitePivotTrader.comHome of the Near Impulse
ForecasterTo
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT<img
src="" width=300 height=250 border=0>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|