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RE: [RT] Whats next



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My guess is we shall see a correction going to approx 1435 + 5 on S&P 500 cash.

Rakesh

ben <profitok@xxxxxxxxxxxxx> wrote:
I am having second  ideas
Today Both Mcllulen osc went positive volume and issues
To me it means shallow correction
And
Yes down fri and moday
But 1400-1420  may be it
Ben
Out on a lim for tomorrow
Close  minus 2
Intra day  could be down 7-12   on sp500
-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Jim White
Sent: Thursday, August 23, 2007 4:50 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Whats next
 
All stock indices gave bearish sell signals today. Six DOW stocks (AA,AXP,GE,MMM,PFE,UTX) and a large number of NDX 100 stocks also gave sell signals. All sell signals from yesterday were rewarded with profits today and surprisingly the two stocks with buy signals also had good profits. A good day of trading.
It could get rocky tomorrow and Monday so be careful.
 
Regards,
Jim White
Pivot Research & Trading Co.
----- Original Message -----
From: Jim White
Sent: Wednesday, August 22, 2007 10:37 AM
Subject: [RT] Whats next
 
All indices put in a low pivot on 8/17 and have had four days of up movement. All indices are at price levels for a bearish reversal and are entering Near Impulse windows for a trend change. The most likely scenario is for a high pivot between Thursday and Monday and another leg down. The weekly and monthly charts still indicate the bear to continue.
 
Regards,
Jim White
Pivot Research & Trading Co.
 
 


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