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Re: [RT] next week



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Down 25-35 sp points, based on what, may I ask?  How, specifically, do you arrive at that?

Dan

Ben wrote:
Hello Jim
next week is  the hardest to  predict
(option expiration)
should be down  next week
only 25-35 sp points
Ben
----- Original Message -----
From: Jim White
Sent: Sunday, September 13, 2009 8:26 AM
Subject: [RT] next week

 

The equity markets have experienced a strong bullish move during the last five days, however they are all nearing conditions for a correction.
Monday is a Near Impulse day for all major indexes and they are all flashing trend change warning signals. We are not quite there but I suspect action on Monday or Tuesday will produce sell signals and the decline will begin. How far will they fall? - no one knows but traders should find more opportunities on the short side.
Overall, the markets appear healthy so I expect it will take a major bearish impulse or a series of lesser bearish events to precipitate a major decline.
 
Jim White
Pivot Research & Trading Co.
PivotTrader.com
 


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