[CANSLIM] HGSI


From: Gene Ricci <genr@swbell.net>
Subject: [CANSLIM] HGSI
Date: Fri, 30 Aug 2002 10:51:40 -0500

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http://groups.yahoo.com/group/hgsinvestor/

Dave, what does BloombergLP stand for?


  ----- Original Message -----=20
  From: DAVID KELLER, BLOOMBERG/ 499 PARK=20
  To: canslim@LISTS.XMISSION.COM=20
  Sent: Friday, August 30, 2002 10:34 AM
  Subject: Re: [CANSLIM] Ernie's Forecasts


  Sorry!!

  Can someone tell me how to access the HGSI forum?  I'd definitely be =
interested=20
  in partcipating.  Thanks- Dave


  ----- Original Message -----
  From: Norman  <canslim@lists.xmission.com>
  At:  8/30  9:32

  > All,
  >=20
  > 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!
  >=20
  > 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.
  >=20
  > 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
  >=20
  >=20
  > > 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.
  > >
  > >
  > >
  >=20
  >=20
  > -
  > -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.

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<DIV><FONT face=3D"Comic Sans MS"><A=20
href=3D"http://groups.yahoo.com/group/hgsinvestor/">http://groups.yahoo.c=
om/group/hgsinvestor/</A></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Dave, what does BloombergLP stand=20
for?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DDKELLER2@bloomberg.net =
href=3D"mailto:DKELLER2@bloomberg.net">DAVID=20
  KELLER, BLOOMBERG/ 499 PARK</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@LISTS.XMISSION.COM=20
  =
href=3D"mailto:canslim@LISTS.XMISSION.COM">canslim@LISTS.XMISSION.COM</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, August 30, 2002 =
10:34=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Ernie's=20
  Forecasts</DIV>
  <DIV><BR></DIV>Sorry!!<BR><BR>Can someone tell me how to access the =
HGSI=20
  forum?&nbsp; I'd definitely be interested <BR>in partcipating.&nbsp; =
Thanks-=20
  Dave<BR><BR><BR>----- Original Message -----<BR>From: Norman&nbsp; =
&lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>At:&nbsp;=20
  8/30&nbsp; 9:32<BR><BR>&gt; All,<BR>&gt; <BR>&gt; We DON'T really want =
to get=20
  into a rigorous examination of these phenomena,<BR>&gt; on a case by =
case=20
  basis, and whither or not there is any cause &amp; effect<BR>&gt; =
relationship=20
  that can be assigned to them.&nbsp; Not here!<BR>&gt; <BR>&gt; I think =
this is=20
  the reason there was at one time a TA group formed from this<BR>&gt;=20
  group.&nbsp; Maybe the folks in the HGSI forum would accommodate this=20
  discussion<BR>&gt; as they seem to delve into TA a bit more than this=20
  group.<BR>&gt; <BR>&gt; Norm<BR>&gt; ----- Original Message =
- -----<BR>&gt;=20
  From: "DAVID KELLER, BLOOMBERG/ 499 PARK" &lt;<A=20
  =
href=3D"mailto:DKELLER2@bloomberg.net">DKELLER2@bloomberg.net</A>&gt;<BR>=
&gt;=20
  To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>&gt;=20
  Sent: Friday, August 30, 2002 7:08 AM<BR>&gt; Subject: RE: [CANSLIM] =
Ernie's=20
  Forecasts<BR>&gt; <BR>&gt; <BR>&gt; &gt; even more examples of =
Fibonacci:=20
  bottom of a pine cone (each direction is<BR>&gt; a<BR>&gt; &gt; =
Fibonacci=20
  number), architecture (Parthenon's columns use Fibonacci<BR>&gt;=20
  proportions),<BR>&gt; &gt;&nbsp; or my personal favorite: music =
(Beethoven's=20
  5th, Dvorak, etc)...<BR>&gt; &gt;<BR>&gt; &gt; Regarding why it works =
in the=20
  financial markets, check out the S&amp;P from<BR>&gt; &gt; =
5/01-12/01.&nbsp;=20
  61.8% almost to the dollar.&nbsp; Think anyone on the street =
was<BR>&gt; &gt;=20
  watching that?...<BR>&gt; &gt;<BR>&gt; &gt; ----- Original Message=20
  -----<BR>&gt; &gt; From: Mike Gibbons&nbsp; &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>&gt;=20
  &gt; At:&nbsp; 8/29 18:06<BR>&gt; &gt;<BR>&gt; &gt; &gt; Hi =
Norm,<BR>&gt; &gt;=20
  &gt;<BR>&gt; &gt; &gt; My information came from quotetracker as=20
  follows:<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;<BR>&gt; =
&gt;=20
  &gt; As for my hypothesis about DNA and fibonacci numbers: DNA =
transmits=20
  the<BR>&gt; code<BR>&gt; &gt; by<BR>&gt; &gt; &gt; which every =
organsim=20
  develops. So the "shape" of a<BR>&gt; &gt; &gt; plant for example is=20
  determined by its DNA. I recall (although its been<BR>&gt; a =
long<BR>&gt; &gt;=20
  &gt; time ) that fibonacci numbers are found, for example,<BR>&gt; =
&gt; &gt;=20
  in the number of leaves on a fern frond. In other words, that=20
  fibonacci<BR>&gt; &gt; pattern<BR>&gt; &gt; &gt; must have been =
encoded in the=20
  DNA in some way.<BR>&gt; &gt; &gt; Presumanbly, also, ferns with that =
DNA=20
  pattern were "fitter" for<BR>&gt; survival than<BR>&gt; &gt; &gt; =
ferns that=20
  didn't have fibonacci numbers encoded in<BR>&gt; &gt; &gt; their DNA. =
Now we=20
  are definitely off topic, but I enjoy a little<BR>&gt; =
intellectual<BR>&gt;=20
  &gt; &gt; diversion sometimes.<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;=20
  Aloha,<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; Mike Gibbons<BR>&gt; &gt; =
&gt;=20
  Proactive Technologies, LLC<BR>&gt; &gt; &gt; <A=20
  href=3D"http://www.proactech.com">http://www.proactech.com</A><BR>&gt; =
&gt;=20
  &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; -----Original =
Message-----<BR>&gt;=20
  &gt; &gt; From: <A=20
  =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>&gt;=20
  &gt; &gt; [mailto:owner-canslim@lists.xmission.com]On Behalf Of =
Norman<BR>&gt;=20
  &gt; &gt; Sent: Thursday, August 29, 2002 11:14 AM<BR>&gt; &gt; &gt; =
To: <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
  &gt; &gt; Subject: Re: [CANSLIM] Ernie's Forecasts<BR>&gt; &gt; =
&gt;<BR>&gt;=20
  &gt; &gt;<BR>&gt; &gt; &gt; Hi Maui Mike,<BR>&gt; &gt; &gt;<BR>&gt; =
&gt; &gt;=20
  OK, on topic and out of the shadows&lt;G&gt;&nbsp; The investors.com =
chart=20
  shows a<BR>&gt; low<BR>&gt; &gt; &gt; of 911.06.&nbsp; I know that =
sometimes=20
  there are trades that confound the<BR>&gt; &gt; &gt; charting sites, =
so where=20
  can I get the same info you have?<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; =
As for=20
  encoding Fib lines in DNA; that's a little far fetched even =
for<BR>&gt;=20
  this<BR>&gt; &gt; &gt; Trekker to consider&lt;G&gt;&nbsp; My ecology=20
  understanding dictates that genes<BR>&gt; survive<BR>&gt; &gt; &gt; by =

  increasing the reproductive success of the species.&nbsp; Now I can=20
  think<BR>&gt; &gt; &gt; "outside of the box" as good as the next =
scientist,=20
  but this one doesn't<BR>&gt; &gt; &gt; seem to be in the same room =
with the=20
  box&lt;g&gt;&nbsp; Looks like an observation<BR>&gt; has<BR>&gt; &gt; =
&gt;=20
  been made, now you have postulated a theory, who's gonna test=20
  it&lt;G&gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; Elliot wave theory is =
'nother=20
  story and one that I don't have enuf<BR>&gt; knowledge<BR>&gt; &gt; =
&gt; to=20
  address at this time.<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; There, now =
*that's*=20
  OT!<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; Norm<BR>&gt; &gt; &gt; ----- =
Original=20
  Message -----<BR>&gt; &gt; &gt; From: "Mike Gibbons" &lt;<A=20
  =
href=3D"mailto:mikegibbons@proactech.com">mikegibbons@proactech.com</A>&g=
t;<BR>&gt;=20
  &gt; &gt; To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>&gt;=20
  &gt; &gt; Sent: Thursday, August 29, 2002 4:01 PM<BR>&gt; &gt; &gt; =
Subject:=20
  RE: [CANSLIM] Ernie's Forecasts<BR>&gt; &gt; &gt;<BR>&gt; &gt; =
&gt;<BR>&gt;=20
  &gt; &gt; &gt; Norm and kelly,<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; =
&gt; &gt; I=20
  don't want to be picky, but the S&amp;P 500 sank to below 905 at =
about<BR>&gt;=20
  &gt; &gt; 10:00.<BR>&gt; &gt; &gt; &gt; It then rose and fell again =
with a=20
  turn later in the day at 911. So<BR>&gt; the<BR>&gt; &gt; &gt; =
turn<BR>&gt;=20
  &gt; &gt; &gt; was actually lower than Ernie predicted.<BR>&gt; &gt; =
&gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt; That said, I do agree that Ernie's =
forecasts since=20
  I've been following<BR>&gt; &gt; &gt; them<BR>&gt; &gt; &gt; &gt; have =

  certainly been on the money and within what I would consider<BR>&gt; =
&gt; &gt;=20
  &gt; "experimental error".<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =
&gt;=20
  However, I have the same kind of feeling about Elliot Wave Theory =
as<BR>&gt;=20
  &gt; &gt; &gt; Einstein had about the uncertainty principal - without =
a=20
  rational<BR>&gt; &gt; &gt; &gt; explanation for why it works (if it =
does=20
  reliably), its hard to<BR>&gt; believe in<BR>&gt; &gt; &gt; &gt; =
it.<BR>&gt;=20
  &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; I can understand fibonacci =
numbers=20
  recurring frequently in nature<BR>&gt; because<BR>&gt; &gt; &gt; &gt; =
they=20
  could be somehow encoded in DNA, but I have a hard time seeing<BR>&gt; =

  how<BR>&gt; &gt; &gt; they<BR>&gt; &gt; &gt; &gt; could apply to the =
stock=20
  market. But then again, I haven't put any<BR>&gt; time<BR>&gt; &gt; =
&gt;=20
  into<BR>&gt; &gt; &gt; &gt; trying to understand the causal connection =
and my=20
  comments are based<BR>&gt; &gt; &gt; largely<BR>&gt; &gt; &gt; &gt; on =

  ignorance. If any member of the group can explain a possible =
causal<BR>&gt;=20
  &gt; &gt; &gt; relationship, I would find that helpful.<BR>&gt; &gt; =
&gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt; Also, why is this off topic? Understanding =
M is=20
  fundamental to CANSLIM<BR>&gt; &gt; &gt; &gt; because 75% of stocks go =
with=20
  the flow.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; Aloha,<BR>&gt; =
&gt;=20
  &gt; &gt;<BR>&gt; &gt; &gt; &gt; Mike Gibbons<BR>&gt; &gt; &gt; &gt; =
Proactive=20
  Technologies, LLC<BR>&gt; &gt; &gt; &gt; <A=20
  href=3D"http://www.proactech.com">http://www.proactech.com</A><BR>&gt; =
&gt; &gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; -----Original=20
  Message-----<BR>&gt; &gt; &gt; &gt; From: <A=20
  =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>&gt;=20
  &gt; &gt; &gt; [mailto:owner-canslim@lists.xmission.com]On Behalf Of =
Kelly=20
  Short<BR>&gt; &gt; &gt; &gt; Sent: Thursday, August 29, 2002 10:36 =
AM<BR>&gt;=20
  &gt; &gt; &gt; To: <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
  &gt; &gt; &gt; Subject: RE: [CANSLIM] Ernie's Forecasts<BR>&gt; &gt; =
&gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; Norm,<BR>&gt; &gt; =
&gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt; I was commenting at lunch at perfectly he =
called=20
  it today and<BR>&gt; yesterday.<BR>&gt; &gt; &gt; &gt; Almost to the =
hour. I=20
  wonder if he tracks the success of his<BR>&gt; predictions.<BR>&gt; =
&gt; &gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt; Kelly<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; =
&gt;=20
  &gt; -----Original Message-----<BR>&gt; &gt; &gt; &gt; From: Norman=20
  [mailto:theboyd@tisd.net]<BR>&gt; &gt; &gt; &gt; Sent: Thursday, =
August 29,=20
  2002 3:27 PM<BR>&gt; &gt; &gt; &gt; To: <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>&gt;=20
  &gt; &gt; &gt; Subject: [CANSLIM] Ernie's Forecasts<BR>&gt; &gt; &gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; All,<BR>&gt; &gt; =
&gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt; I know it's a little (OK a lot&lt;G&gt;) =
off=20
  topic, but is interesting.&nbsp; For<BR>&gt; &gt; &gt; those<BR>&gt; =
&gt; &gt;=20
  &gt; of you who subscribed to Ernie's S&amp;P 500 forecasts, did you =
notice=20
  he<BR>&gt; has<BR>&gt; &gt; &gt; &gt; apparently called this one=20
  perfectly.&nbsp; He predicted a turn window or<BR>&gt; &gt; &gt; &gt;=20
  910-913.&nbsp; Today it turned at 911.06.&nbsp; For now, his crystal =
ball=20
  is<BR>&gt; &gt; &gt; working.<BR>&gt; &gt; &gt; &gt; For those of you =
who are=20
  not subscribed I copied last nights forecast<BR>&gt; &gt; &gt; =
below.<BR>&gt;=20
  &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; Norm<BR>&gt; &gt; &gt; =
&gt;<BR>&gt; &gt;=20
  &gt; &gt;<BR>&gt; &gt; &gt; &gt; Once again today could be the bottom, =
as we=20
  came within a whisker of<BR>&gt; the<BR>&gt; &gt; &gt; &gt; 910-913 =
target=20
  range, and both of my short term cycle indicators are<BR>&gt; &gt; =
&gt; &gt;=20
  suggesting that a turn is imminent. While the next target level =
of<BR>&gt;=20
  876-884<BR>&gt; &gt; &gt; &gt; is still a possibility, at this point I =
would=20
  have to say that it is<BR>&gt; not<BR>&gt; &gt; &gt; &gt; very likely =
that we=20
  will go that low.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =
&gt;<BR>&gt; &gt;=20
  &gt; &gt;<BR>&gt; &gt; &gt; &gt; The 910-913 range has emerged as the =
high=20
  probability target for the<BR>&gt; &gt; &gt; &gt; termination of this =
short=20
  term down move. The most likely scenario for<BR>&gt; &gt; &gt; &gt; =
tomorrow=20
  would be a move slightly lower into the target range or just<BR>&gt; =
&gt; &gt;=20
  below<BR>&gt; &gt; &gt; &gt; before the market terminates the move, =
and begins=20
  to go higher. The<BR>&gt; second<BR>&gt; &gt; &gt; &gt; most likely =
scenario=20
  is that the market will open higher and continue<BR>&gt; to<BR>&gt; =
&gt; &gt;=20
  &gt; move higher from there. And the third most likely scenario would =
be=20
  a<BR>&gt; &gt; &gt; &gt; continuation of the down move possibly as low =
as 900,=20
  with an<BR>&gt; intra-day<BR>&gt; &gt; &gt; &gt; reversal featuring a =
closing=20
  price above at least 911. Each of these<BR>&gt; &gt; &gt; &gt; =
scenarios=20
  involves the 910-913 target range.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; =
&gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; Despite the high=20
  probability that we are about to make a turn and not<BR>&gt; &gt; &gt; =

  likely<BR>&gt; &gt; &gt; &gt; to go much lower, until we see the turn=20
  confirmation signal this<BR>&gt; market<BR>&gt; &gt; &gt; &gt; could =
still=20
  reach the lower target range<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt;=20
  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; E<BR>&gt; &gt; &gt; =

  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; =
&gt;=20
  -<BR>&gt; &gt; &gt; &gt; -To subscribe/unsubscribe, email "<A=20
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