Today's action, with stock indexes closing near
their lows, indicates more to come to the downside into the 3/9 change in
trend date. We can expect a lot of volatile action in the Thursday-Monday
trading period as battle for leadership is engaged. These are great times if
you are a short term trader.
Jim
----- Original Message -----
Sent: Friday, March 02, 2007 1:51
PM
Subject: Re: [RT] SPY low
So far the low and perhaps bottom was put in on
3/1 as forecast however today's action did nothing to indicate a reversal is
underway. All major indices put in inside days today and gave weak buy
signals however the change in trend may be a sideways consolidation instead
of a bounce upward. The next Near Impulse date is 3/9 and could be another
leg down if we move sideways into that date. We will have to wait for early
week action to get a better feel for what's next.
Regards,
Jim
----- Original Message -----
Sent: Tuesday, February 27, 2007
11:54 AM
Subject: Re: [RT] SPY low
OOPs!
Selloff is clearly greater than expected and
being ruled by irrational selling thus putting it beyond the normal
expected levels for a correction. The reversal date (end of decline)
should still be 3/1 however can no longer project the level of the
decline. If you are short - be happy.
I closed my shorts way to early.
Jim
----- Original Message -----
Sent: Tuesday, February 27, 2007
7:20 AM
Subject: [RT] SPY low
I apologize for not posting the sell
signal I recorded on 2/22.
Expect a low for SPY between 142.70 AND
141.70 on or around March 1.
Jim White