Inside day in SP500 Thursday ?

Walther · Nov 15, 2003

Quote from Walther:

Based on a strong divergence at the end of today, I think that selling everything over 60 looks like a good idea right now, I expect down day tomorrow. We might have to wait for a Friday though .
Walter
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Well, those who paid attention and had waited for Friday ( when Thursday price did not reach 1060 ) sold when price went over 60 ( we are talking SP500 ) were glad they did.
Walter

harrytrader · Nov 15, 2003

2 months ago also except that I gave the target 9938

http://www.elitetrader.com/vb/showthread.php?s=&postid=366885&highlight=9938#post366885

<IMG SRC=http://www.econometric-wave.com/weekly_projection_290803.gif>

Quote from CharlesTrader:

I like your technical analysis Walter, and agree with your interpretation. If today is not an inside trading day, it will probably be, at least, a narrow range day. In the longer view, the market may be setting itself up for a correction.

I usually do not pay attention to analyst, but it is interesting to note that Michael Belkin is predicting a major correction soon:

http://moneycentral.msn.com/content/P62345.asp

I also read that Mark Cook's Tick Indicator was predicting in early October that a correction is coming. His indicator is usually a month or two ahead of the game.

Combining these with the fact that most of the field is expecting a continuing strong market may make a correction highly possible.

Charles
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Walther · Nov 17, 2003

Quote from Walther:

Based on a strong divergence at the end of today, I think that selling everything over 60 looks like a good idea right now, I expect down day tomorrow. We might have to wait for a Friday though .
Walter
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I would like to hear from db phonyx, macal and dddddog clown squad what they think about my call now .
Walter

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Inside day in SP500 Thursday ?

Walther

harrytrader

Walther