Go to Jeff Salisbury LWGate Home Page.From: "DAVID KELLER, BLOOMBERG/ 499 PARK" <DKELLER2@bloomberg.net>
Subject: Re: [CANSLIM] Ernie's Forecasts
Date: Fri, 30 Aug 2002 11:34:33 -0400 (EDT)
Next Article (by Author): RE: [CANSLIM] Ernie's Forecasts "David Taggart"
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Sorry!! Can someone tell me how to access the HGSI forum? I'd definitely be interested in partcipating. Thanks- Dave - ----- Original Message ----- From: Norman <canslim@lists.xmission.com> At: 8/30 9:32 > All, > > We DON'T really want to get into a rigorous examination of these phenomena, > on a case by case basis, and whither or not there is any cause & effect > relationship that can be assigned to them. Not here! > > I think this is the reason there was at one time a TA group formed from this > group. Maybe the folks in the HGSI forum would accommodate this discussion > as they seem to delve into TA a bit more than this group. > > Norm > ----- Original Message ----- > From: "DAVID KELLER, BLOOMBERG/ 499 PARK" <DKELLER2@bloomberg.net> > To: <canslim@lists.xmission.com> > Sent: Friday, August 30, 2002 7:08 AM > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > even more examples of Fibonacci: bottom of a pine cone (each direction is > a > > Fibonacci number), architecture (Parthenon's columns use Fibonacci > proportions), > > or my personal favorite: music (Beethoven's 5th, Dvorak, etc)... > > > > Regarding why it works in the financial markets, check out the S&P from > > 5/01-12/01. 61.8% almost to the dollar. Think anyone on the street was > > watching that?... > > > > ----- Original Message ----- > > From: Mike Gibbons <canslim@lists.xmission.com> > > At: 8/29 18:06 > > > > > Hi Norm, > > > > > > My information came from quotetracker as follows: > > > > > > > > > > > > As for my hypothesis about DNA and fibonacci numbers: DNA transmits the > code > > by > > > which every organsim develops. So the "shape" of a > > > plant for example is determined by its DNA. I recall (although its been > a long > > > time ) that fibonacci numbers are found, for example, > > > in the number of leaves on a fern frond. In other words, that fibonacci > > pattern > > > must have been encoded in the DNA in some way. > > > Presumanbly, also, ferns with that DNA pattern were "fitter" for > survival than > > > ferns that didn't have fibonacci numbers encoded in > > > their DNA. Now we are definitely off topic, but I enjoy a little > intellectual > > > diversion sometimes. > > > > > > Aloha, > > > > > > Mike Gibbons > > > Proactive Technologies, LLC > > > http://www.proactech.com > > > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman > > > Sent: Thursday, August 29, 2002 11:14 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Ernie's Forecasts > > > > > > > > > Hi Maui Mike, > > > > > > OK, on topic and out of the shadows<G> The investors.com chart shows a > low > > > of 911.06. I know that sometimes there are trades that confound the > > > charting sites, so where can I get the same info you have? > > > > > > As for encoding Fib lines in DNA; that's a little far fetched even for > this > > > Trekker to consider<G> My ecology understanding dictates that genes > survive > > > by increasing the reproductive success of the species. Now I can think > > > "outside of the box" as good as the next scientist, but this one doesn't > > > seem to be in the same room with the box<g> Looks like an observation > has > > > been made, now you have postulated a theory, who's gonna test it<G> > > > > > > Elliot wave theory is 'nother story and one that I don't have enuf > knowledge > > > to address at this time. > > > > > > There, now *that's* OT! > > > > > > Norm > > > ----- Original Message ----- > > > From: "Mike Gibbons" <mikegibbons@proactech.com> > > > To: <canslim@lists.xmission.com> > > > Sent: Thursday, August 29, 2002 4:01 PM > > > Subject: RE: [CANSLIM] Ernie's Forecasts > > > > > > > > > > Norm and kelly, > > > > > > > > I don't want to be picky, but the S&P 500 sank to below 905 at about > > > 10:00. > > > > It then rose and fell again with a turn later in the day at 911. So > the > > > turn > > > > was actually lower than Ernie predicted. > > > > > > > > That said, I do agree that Ernie's forecasts since I've been following > > > them > > > > have certainly been on the money and within what I would consider > > > > "experimental error". > > > > > > > > However, I have the same kind of feeling about Elliot Wave Theory as > > > > Einstein had about the uncertainty principal - without a rational > > > > explanation for why it works (if it does reliably), its hard to > believe in > > > > it. > > > > > > > > I can understand fibonacci numbers recurring frequently in nature > because > > > > they could be somehow encoded in DNA, but I have a hard time seeing > how > > > they > > > > could apply to the stock market. But then again, I haven't put any > time > > > into > > > > trying to understand the causal connection and my comments are based > > > largely > > > > on ignorance. If any member of the group can explain a possible causal > > > > relationship, I would find that helpful. > > > > > > > > Also, why is this off topic? Understanding M is fundamental to CANSLIM > > > > because 75% of stocks go with the flow. > > > > > > > > Aloha, > > > > > > > > Mike Gibbons > > > > Proactive Technologies, LLC > > > > http://www.proactech.com > > > > > > > > > > > > -----Original Message----- > > > > From: owner-canslim@lists.xmission.com > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short > > > > Sent: Thursday, August 29, 2002 10:36 AM > > > > To: canslim@lists.xmission.com > > > > 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 > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > ____________________________________________________________________________ > > > > For your protection, this e-mail message has been scanned for viruses. > > > > Visit us at http://www.neoris.com/ > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): RE: [CANSLIM] Ernie's Forecasts "David Taggart"
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