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Hello
We are in agreement on the short
However
there going to be some pain today, we may make an ultimate high
also
my short objective is only 1180
as by 8/2 we shold make a higher high (volume suggests 1263 cash)
best regards
Ben
----- Original Message -----
From: "Darrin" <gphx@xxxxxxx>
To: <astrofin@xxxxxxxxxxxxxxx>
Sent: Thursday, July 21, 2005 11:45 PM
Subject: [astrofin] Re: SPX to date
> Hi Ben,
>
> I should add that I put on a short on the SPX a few days ago looking
> for a short term pullback. One reason for this is that the previous
> high was 3/7/2005. The range that day was 1222.12 to 1229.11. The
> close Thursday was 1227.04. We are obviously at a major crossroads of
> some sort. Tomorrow (Friday) is expiration day and that day is known
> as a time when the market tends to reveal an ongoing headfake and
> reversing all expectations as option holders are stranded holding
> valueless options and the market quickly moves in the direction they
> expected, right after they expire.
>
> Am I saying the market will go down? Not necessarily. What I am
> saying is that the market is at a clear cut line in the sand, a place
> of high risk/reward, and whatever direction the market is going in by
> Tuesday will likely prevail for quite a while. My own bias is to the
> short side for the short term but I won't hesitate to reverse based
> upon the action described above because I'd rather make money than be
> right. I think the markets will break open over the next few trading
> days and whatever is behind the curtain will be revealed in spades.
>
> Have fun with it.
>
> Cheers,
> Darrin
>
>
> --- In astrofin@xxxxxxxxxxxxxxx, Ben <profitok@xxxx> wrote:
>> Messagethat was a great call Darrin
>> Ben
>> ----- Original Message -----
>> From: Darrin Vernier
>> To: astrofin@xxxxxxxxxxxxxxx
>> Sent: Friday, April 29, 2005 3:02 PM
>> Subject: RE: [astrofin] SPX to date
>>
>>
>> Hello Ben,
>>
>> As long as the SPX is below the levels indicated it is in a
> short term downtrend.
>> I will consider it to be in an uptrend when we're above those
> levels. Long term my
>> outlook on the SPX is bullish through 2012 though technicals
> should be revisited on
>> a continuous basis as one must trade the market and not the
> forecast.
>>
>> I have no comment with respect to oil or gold at this time.
>>
>> Cheers,
>> Darrin
>>
>> 'Octavus Sanctos Omnes Docet Esse Beatos'
>>
>>
>>
>>
>> -----Original Message-----
>> From: astrofin@xxxxxxxxxxxxxxx
> [mailto:astrofin@xxxxxxxxxxxxxxx] On Behalf Of Ben
>> Sent: Tuesday, April 26, 2005 9:03 PM
>> To: astrofin@xxxxxxxxxxxxxxx
>> Subject: Re: [astrofin] SPX to date
>>
>>
>> great,
>> what is in store for 2005
>> when do you feel sp500 tops
>> oil tops
>> gold tops
>> (when you have the time)
>> best regards
>> Ben
>> ----- Original Message -----
>> From: Darrin Vernier
>> To: astrofin@xxxxxxxxxxxxxxx
>> Sent: Tuesday, April 26, 2005 9:36 PM
>> Subject: RE: [astrofin] SPX to date
>>
>>
>> Hi Ben,
>>
>> The initial post spoke of the mean price of 1552 and 776,
> 1164.
>> Yesterday's SPX high before dropping back was 1664. The close
> was 1162.
>> We're now looking up at 1162.
>>
>> Someone on another board noted precisely 929 days between
> 3/24/2000 and 10/9/02,
>> then 929 days between 10/9/02 and 4/25/05 (yesterday).
>>
>> As noted above, on the latter date the price was
> precisely at the mean of the
>> high and low.
>>
>> Things like this happen quite frequently and such simple
> counts and price/time relationships
>> are well worth monitoring.
>>
>> Cheers,
>> Darrin
>>
>> 'Octavus Sanctos Omnes Docet Esse Beatos'
>>
>>
>> -----Original Message-----
>> From: astrofin@xxxxxxxxxxxxxxx
> [mailto:astrofin@xxxxxxxxxxxxxxx] On Behalf Of Ben
>> Sent: Monday, April 25, 2005 9:26 AM
>> To: astrofin@xxxxxxxxxxxxxxx
>> Subject: Re: [astrofin] SPX to date
>>
>>
>> this is great
>> how about an update,
>> Ben
>> ----- Original Message -----
>> From: Greg Blus
>> To: astrofin@xxxxxxxxxxxxxxx
>> Sent: Thursday, March 31, 2005 12:11 PM
>> Subject: RE: [astrofin] SPX to date
>>
>>
>> Hi Darrin
>>
>> I got the harmonic part of the "dates", but I assume the
> day count is meant to be approximate rather than exact?
>>
>> Using the Mar 21, 2000 high, 900 days gets you to Sept 7,
> 2002 -about a month before the major low
>> - an additonal 450 days gets you to Dec 1, 2003, whereas
> the first top came on Jan 26, 2004
>> - the next 450 days puts you at Feb 23, 2005 - about 2
> weeks before the recent high
>>
>> Working from the Oct 10, 2002 low, minus 900 days puts
> you at April 23, 2000 - near the high, but not ON it; plus 450 puts
> you at Jan 3, 2004 - closer to the high, and the next 450 puts you at
> 3/28 - on the recent low.
>>
>> What is your interpretation of this? To me it looks like
> a period of about 900 days bracketing the sell-off, then a harmonic
> capping the first leg of the recovery, then the next harmonic
> potentially capping the second leg of the recovery? If so, then we
> may be looking a decline into the next 1/24 of the 10,800 day period
> = May 2006.
>>
>> Thanks for a thought-provoking chart.
>>
>> Greg
>>
>> -----Original Message-----
>> From: Darrin Vernier [mailto:gphx@x...]
>> Sent: Wednesday, March 30, 2005 6:57 PM
>> To: astrofin@xxxxxxxxxxxxxxx
>> Subject: RE: [astrofin] SPX to date
>>
>>
>> Thanks Ned.
>>
>> I wonder how many will realize that the dates on the
> chart aren't dates.
>>
>> Cheers,
>> Darrin
>>
>>
>>
>>
>>
>>
>>
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