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At 10:39 AM 11/7/2007, you wrote:
Please forgive my
last post - I posted the wrong chart.
My work suggests we are in the period for a weekly pivot on major
indexes.11/16 is the Near Impulse forecast for DOW, S&P and
Russell.This should be a low pivot and start a year-end rally.
This is what the methodology says yet when I consider all the external
influences( the Dollar, Oil, Near East Uncertainty, Credit correction,
etc.) I see no basis for bullish behavior.
Jim White
Pivot Research & Trading Co.
PivotTrader.com
What about full employment, rising wages, strong S&P performance,
reasonable PE's, a world economy on fire and no other choices for returns
exceeding inflation?
Bob
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