RE: [CANSLIM] Ernie's Forecasts

From: "Kelly Short" <kelly.short@tx.us.neoris.com>
Subject: RE: [CANSLIM] Ernie's Forecasts
Date: Thu, 29 Aug 2002 15:36:04 -0500

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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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