RE: [CANSLIM] S&P index "M"


From: "Hill, Ernie" <Ernie.Hill@ElPaso.com>
Subject: RE: [CANSLIM] S&P index "M"
Date: Thu, 27 Jun 2002 19:31:49 -0500

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The next turn high should occur within four trading days of 7-15. There are
two likely price targets for this turn. The first target is the 1006-1011
range, which corresponds to a .382 retracement of the move from the high
made on 5-17 to the low made on 6-26. The second target is 1048 which
corresponds to a .618 retracement of the same move from 5-17 to 6-26.
 
If the first target is taken out on strength prior to the turn window then
look for the market to move up to the second target before turning lower.
 
E
 
- -----Original Message-----
From: Hill, Ernie 
Sent: Saturday, June 15, 2002 6:01 PM
To: 'canslim@lists.xmission.com'
Subject: RE:[CANSLIM] S&P index "M"
 
The next significant low turn for the S&P should occur within four trading
days of 6-26 with the turn most likely happening during the last half of the
window from 6-26 to 7-2. The target price range is 965 - 958. If the turn
comes early in the window it is more likely to be in the high part of the
range and if the turn comes late in the window it is more likely to be in
the low part of the range.
 
E
 
 


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<p class=3DMsoNormal><span class=3DEmailStyle22><font size=3D2 color=3Dblue=
 face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color=
:blue'>The
next turn high </span></font></span><font size=3D2 color=3Dblue face=3DAria=
l><span
style=3D'font-size:10.0pt;font-family:Arial;color:blue'>should occur within=
 four
trading days of 7-15. There are two likely price targets for this turn. The
first target is the 1006-1011 range, which corresponds to a .382 retracemen=
t of
the move from the high made on 5-17 to the low made on 6-26. The second tar=
get
is 1048 which corresponds to a .618 retracement of the same move from 5-17 =
to
6-26.<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:blue'><![if !supportEmptyParas]>&nbsp;<![end=
if]><o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:blue'>If the first target is taken out on st=
rength
prior to the turn window then look for the market to move up to the second
target before turning lower.<o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:blue'><![if !supportEmptyParas]>&nbsp;<![end=
if]><o:p></o:p></span></font></p>

<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3DArial><span style=
=3D'font-size:
10.0pt;font-family:Arial;color:blue'>E</span></font><span class=3DEmailStyl=
e22><font
size=3D2 color=3Dblue face=3DArial><span style=3D'font-size:10.0pt;mso-bidi=
- -font-size:
12.0pt;font-family:Arial;color:blue'><o:p></o:p></span></font></span></p>

<p class=3DMsoNormal><span class=3DEmailStyle22><font size=3D2 color=3D"#99=
3366"
face=3DArial><span style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font=
- -family:
Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></font><=
/span></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 color=3Dblack
face=3DTahoma><span style=3D'font-size:10.0pt;font-family:Tahoma;color:blac=
k'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> Hill, Ernie <br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Saturday, June 15, 200=
2 6:01
PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> 'canslim@lists.xmission.=
com'<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE:[CANSLIM] S&amp;P
index &quot;M&quot;</span></font></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 face=3D"Time=
s New Roman"><span
style=3D'font-size:12.0pt'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p><=
/o:p></span></font></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 color=3Dnavy=
 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>The next significan=
t low
turn for the S&amp;P should occur within four trading days of 6-26 with the
turn most likely happening during the last half of the window from 6-26 to =
7-2.
The target price range is 965 - 958. If the turn comes early in the window =
it is
more likely to be in the high part of the range and if the turn comes late =
in
the window it is more likely to be in the low part of the range.<o:p></o:p>=
</span></font></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 color=3Dnavy=
 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>&nbsp;<o:p></o:p></=
span></font></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 color=3Dnavy=
 face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>E<o:p></o:p></span>=
</font></p>

<p class=3DMsoNormal style=3D'margin-left:1.5in'><font size=3D2 color=3Dnavy
face=3DTahoma><span style=3D'font-size:10.0pt;font-family:Tahoma;color:navy=
'>&nbsp;<o:p></o:p></span></font></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 color=3Dblack
face=3D"Times New Roman"><span style=3D'font-size:12.0pt;color:black'><![if=
 !supportEmptyParas]>&nbsp;<![endif]></span></font><font
color=3Dblack><span style=3D'color:black;mso-color-alt:windowtext'><o:p></o=
:p></span></font></p>

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