Re: [CANSLIM] Ernie's Forecasts

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] Ernie's Forecasts
Date: Thu, 29 Aug 2002 15:42:47 -0500

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Kelley, I bet he sits on the edge of his seat when the M gets near his
target<grin>.  In some of his mail-outs he comments on his success or
failure; so he watches, closely, refining his technique.

Norm
- ----- Original Message -----
From: "Kelly Short" <kelly.short@tx.us.neoris.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, August 29, 2002 3:36 PM
Subject: RE: [CANSLIM] Ernie's Forecasts

Norm,

I was commenting at lunch at perfectly he called it today and yesterday.
Almost to the hour. I wonder if he tracks the success of his predictions.

Kelly

- -----Original Message-----
From: Norman [mailto:theboyd@tisd.net]
Sent: Thursday, August 29, 2002 3:27 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Ernie's Forecasts

All,

I know it's a little (OK a lot<G>) off topic, but is interesting.  For those
of you who subscribed to Ernie's S&P 500 forecasts, did you notice he has
apparently called this one perfectly.  He predicted a turn window or
910-913.  Today it turned at 911.06.  For now, his crystal ball is working.
For those of you who are not subscribed I copied last nights forecast below.

Norm

Once again today could be the bottom, as we came within a whisker of the
910-913 target range, and both of my short term cycle indicators are
suggesting that a turn is imminent. While the next target level of 876-884
is still a possibility, at this point I would have to say that it is not
very likely that we will go that low.

The 910-913 range has emerged as the high probability target for the
termination of this short term down move. The most likely scenario for
tomorrow would be a move slightly lower into the target range or just below
before the market terminates the move, and begins to go higher. The second
most likely scenario is that the market will open higher and continue to
move higher from there. And the third most likely scenario would be a
continuation of the down move possibly as low as 900, with an intra-day
reversal featuring a closing price above at least 911. Each of these
scenarios involves the 910-913 target range.

Despite the high probability that we are about to make a turn and not likely
to go much lower, until we see the turn confirmation signal this market
could still reach the lower target range

E

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