RE: "M" (was Re: [CANSLIM] S&P 500 forecast)

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: RE: "M" (was Re: [CANSLIM] S&P 500 forecast)
Date: Tue, 23 Apr 2002 19:40:45 -0600

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On 23 Apr 2002 at 19:19, Hill, Ernie wrote:

> What to expect now. First I will eat a raw lemon if this week does not
> produce the medium term bottom that I have projected. If today was not the
> bottom, and I doubt that it is, the most likely day for this to end will be
> tomorrow. There are two key reversal levels to look for they are 1093 and
> 1080, 1080 being the higher probability. 1080 is also much closer to my
> original forecast made a month ago.

I notice that the S&P futures (June) are just above a big fat support level at 1100, 
we bounced from that level on 4-15, and we bounced, slightly, at the end of the day.  
I don't try to forecast anything, but this is a logical point for a bounce.  I've noticed 
the market likes these whole numbers, like 1100, for some reason, maybe that is 
why it bounced from there on 4-15.

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