The market does seem to be getting ahead of itself but then I remember in
1999 thinking it was so far ahead that it's lights had disappeared and got my
head handed to me repeatedly trying to short. After that, I began to
follow the saying Jimmy the Greek had which was: "What is due to happen
is whatever has been happening until it doesn't happen any more". That
has stood me in good stead since.
Bob
At 07:04 PM
10/1/2007, you wrote:
As expected, Friday
was an attempt at a reversal with a lower low and lower close than Thursday.
The expectation for today (Monday) was for the decline to continue however,
after the first 30 minutes of trading, it was obvious the market environment
was still bullish and it did not weaken until the last 30 minutes of
trading. It is equally obvious that my forecast for a high pivot and
reversal was a failure although I can't help but feel we are being set up
for a major reversal.
A major reversal may need an unexpected bearish
impulse to spark it in the next three days. The next Near Impulse date is
Wednesday, 10/3 so we shall see what occurs.
Best Regards,
Jim White
Pivot Research & Trading
Co.
- ----- Original Message -----
- From: Jim White
- To: realtraders@yahoogroups.com
- Sent: Wednesday, September 26, 2007 12:37 PM
- Subject: Re: [RT] next high
- We should be reaching another near term high on Thursday
or Friday(Near Impulse dates). This time, the NASDAQ should lead the way
down.
- Jim White
- Pivot Research & Trading Co.
- ----- Original Message -----
- From: Jim White
- To: realtraders@yahoogroups.com
- Sent: Wednesday, September 19, 2007 7:30 AM
- Subject: [RT] next high
- Good morning everyone.
- My work suggests that the impulse from the Fed rate cut
should expire by tomorrow and the markets should resume a downward bias.
Tomorrow, 9/20, is a Near Impulse day for all major market indices
indicating a high pivot.
- On another matter - has anyone on the list investigated
the work of John Taylor? If so and you would like to compare notes,
contact me privately.
- Thanks.
- Jim White
- Pivot Research & Trading
Co.