RE: [CANSLIM] Ernie's Forecasts

From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] Ernie's Forecasts
Date: Fri, 30 Aug 2002 09:42:03 -0600
Next Article (by Date): Re: [CANSLIM] Ernie's Forecasts "Katherine Malm"
Previous Article (by Date): Re: [CANSLIM] Ernie's Forecasts "DAVID KELLER, BLOOMBERG/ 499 PARK"
Top of Thread: Re: [CANSLIM] Ernie's Forecasts "Norman"
Next in Thread: Re: [CANSLIM] Ernie's Forecasts "Katherine Malm"
Articles sorted by: [Date] [Author] [Subject]
It is a yahoo group here is the link
http://groups.yahoo.com/group/hgsinvestor/?yguid=83634894
It is moderated by the HGSI people.  Its a good thread Dave Steckler and
Duke Jones are on it a lot.

Happy Trading,
David Taggart
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of DAVID KELLER,
BLOOMBERG/ 499 PARK
Sent: Friday, August 30, 2002 9:35 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Ernie's Forecasts


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.


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.
Go to Jeff Salisbury LWGate Home Page.