RE: [RT] Oil & SP-500 Impulse Times

[Pete Lieber <plieber@xxxxxxxxxxxxxx>]

Kate,

My cycle analysis only measure points in time when various cycles seem to converge.  These points are called impulse days/times.  On these impulse days/times something dramatic usually occur.  Unfortunately my cycle analysis does not and can not quantify direction.  For one like me who depends a lot on volume analysis to make buy/sell decisions, commodity-based ETF's such as USO are particularly difficult.  As to the direction of the S&P Friday I would only make a call to its possible direction on Friday morning.

Pete

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To: realtraders@xxxxxxxxxxxxxxx
From: ketayun@xxxxxxxxxxxxx
Date: Wed, 3 Dec 2008 10:19:16 -0500
Subject: RE: [RT] Oil & SP-500 Impulse Times

Hi Pete,

What type of 'something'? Up or Down?

Kate

-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com]On Behalf Of Pete Lieber
Sent: Wednesday, December 03, 2008 10:09 AM
To: realtraders@yahoogroups.com
Subject: [RT] Oil & SP-500 Impulse Times

I called for yesterday to be an impulse day for the oil ETF (USO).  Though USO closed at the low of the year I wouldn't call it an impulse day, so I ran the cycle analysis on the USO 1-hour chart and it's calling for something to happen around 11:30 a.m. today (1-1/2 hrs from now).  We shall see.
 
In addition, I ran the cycle analysis on the S&P 1-hour chart.  It is calling for something to happen around 12:30 p.m. Friday.  Again we shall see. 

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