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Re: [RT] SPY low



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Assuming a close of SPX cash above or at 1406 , there is a good possibility of the current leg up entering the 1430-40 zone. That said, the fact remains crystal ball gazing is not what makes anyone money. It is as I have learnt on this forum over all these years, the skill one has in recognising the "CURRENT" direction and the skill one has in managing the trade, that determine success or failure .

Best Regards

Rakesh

----- Original Message ----
From: Jim White <jwhite43@xxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx
Sent: Friday, March 9, 2007 7:27:11 PM
Subject: Re: [RT] SPY low

The down movement into today, forecast on Monday was obviously incorrect. The up move, however has been very tepid and we could see a spike high in the first hour.. SPY could top out around 142.2. The next few trading days could be very volatile before another move down.  I recommend caution and not to heavy on the long side.
Regards,
Jim
----- Original Message -----
From: Jim White
Sent: Monday, March 05, 2007 1:30 PM
Subject: Re: [RT] SPY low

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 -----
From: Jim White
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 -----
From: Jim White
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 -----
From: Jim White
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




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