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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (18647)	9/13/2002 4:05:29 PM
From: Arik T.G.	Read Replies (1) \| Respond to of 36161

Hi Isopatch, S&P comment LT trend down IT trend down ST trend down LT - The move down from March to July ended with a spike down (small crash) and counter trend correction followed. Magic number 953() held resistance aginst the correction and from 8/22 high we're in a new LT leg down to a new low. IT - There was one leg down from 8/22 to 9/5 (day before Rosh Hashana) then counter trend correction to 9/11. Strong resistance 910 held after a fake spike in the morning that didn't hold to the close. Message 17979469 and a new IT leg down started. ST- Any new local low below today's low will complete a 5er from 9/11 and will require a 1-3 days correction. () Magic number 953 in the futures was exactly fib 1.236 X 771 July lowest print in the e-mini front future AND exactly 1/1.236 from March highest print of 1177.5 in the front e-mini. Random walk is a joke. The market went to a 1/1.236 square ratio between important high and low 4 months apart and the correction encountered resistance at exactly the geometric midpoint. On Aug 18th and Aug 21st the e-mini double topped at 952.5. Then it faked a break to 966 on Aug 22nd which marked the high. ATG