Re: [CANSLIM] HGSI


From: "DAVID KELLER, BLOOMBERG/ 499 PARK" <DKELLER2@bloomberg.net>
Subject: Re: [CANSLIM] HGSI
Date: Fri, 30 Aug 2002 11:48:24 -0400 (EDT)

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Bloomberg is a financial information system.  Mostly institutional clients, some
 individuals as well.

- ----- Original Message -----
From: Gene Ricci  <canslim@lists.xmission.com>
At:  8/30 11:45

> http://groups.yahoo.com/group/hgsinvestor/
> 
> Dave, what does BloombergLP stand for?
> 
> 
>   ----- Original Message -----
>   From: DAVID KELLER, BLOOMBERG/ 499 PARK
>   To: canslim@LISTS.XMISSION.COM
>   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
>   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.
>   > > > >
>   > > > >
>   > > >
>   > 
____________________________________________________________________________
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>   > > > >
>   > > >
>   > > >
>   > > > -
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>   > > > -In the email body, write "subscribe canslim" or
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>   > >
>   > >
>   > >
>   >
>   >
>   > -
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>   > -In the email body, write "subscribe canslim" or
>   > -"unsubscribe canslim".  Do not use quotes in your email.
> 
> 
> 
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<DIV><FONT face="Comic Sans MS"><A 
href="http://groups.yahoo.com/group/hgsinvestor/">http://groups.yahoo.com/group/hgsinvestor/</A></FONT></DIV>
<DIV><FONT face="Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face="Comic Sans MS">Dave, what does BloombergLP stand 
for?</FONT></DIV>
<DIV><FONT face="Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A title=DKELLER2@bloomberg.net href="mailto:DKELLER2@bloomberg.net">DAVID 
  KELLER, BLOOMBERG/ 499 PARK</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@LISTS.XMISSION.COM 
  href="mailto:canslim@LISTS.XMISSION.COM">canslim@LISTS.XMISSION.COM</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, August 30, 2002 10:34 
  AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Ernie's 
  Forecasts</DIV>
  <DIV><BR></DIV>Sorry!!<BR><BR>Can someone tell me how to access the HGSI 
  forum?&nbsp; I'd definitely be interested <BR>in partcipating.&nbsp; Thanks- 
  Dave<BR><BR><BR>----- Original Message -----<BR>From: Norman&nbsp; &lt;<A 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>&gt;<BR>At:&nbsp; 
  8/30&nbsp; 9:32<BR><BR>&gt; All,<BR>&gt; <BR>&gt; We DON'T really want to get 
  into a rigorous examination of these phenomena,<BR>&gt; on a case by case 
  basis, and whither or not there is any cause &amp; effect<BR>&gt; relationship 
  that can be assigned to them.&nbsp; Not here!<BR>&gt; <BR>&gt; I think this is 
  the reason there was at one time a TA group formed from this<BR>&gt; 
  group.&nbsp; Maybe the folks in the HGSI forum would accommodate this 
  discussion<BR>&gt; as they seem to delve into TA a bit more than this 
  group.<BR>&gt; <BR>&gt; Norm<BR>&gt; ----- Original Message -----<BR>&gt; 
  From: "DAVID KELLER, BLOOMBERG/ 499 PARK" &lt;<A 
  href="mailto:DKELLER2@bloomberg.net">DKELLER2@bloomberg.net</A>&gt;<BR>&gt; 
  To: &lt;<A 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>&gt;<BR>&gt; 
  Sent: Friday, August 30, 2002 7:08 AM<BR>&gt; Subject: RE: [CANSLIM] Ernie's 
  Forecasts<BR>&gt; <BR>&gt; <BR>&gt; &gt; even more examples of Fibonacci: 
  bottom of a pine cone (each direction is<BR>&gt; a<BR>&gt; &gt; Fibonacci 
  number), architecture (Parthenon's columns use Fibonacci<BR>&gt; 
  proportions),<BR>&gt; &gt;&nbsp; or my personal favorite: music (Beethoven's 
  5th, Dvorak, etc)...<BR>&gt; &gt;<BR>&gt; &gt; Regarding why it works in the 
  financial markets, check out the S&amp;P from<BR>&gt; &gt; 5/01-12/01.&nbsp; 
  61.8% almost to the dollar.&nbsp; Think anyone on the street was<BR>&gt; &gt; 
  watching that?...<BR>&gt; &gt;<BR>&gt; &gt; ----- Original Message 
  -----<BR>&gt; &gt; From: Mike Gibbons&nbsp; &lt;<A 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>&gt;<BR>&gt; 
  &gt; At:&nbsp; 8/29 18:06<BR>&gt; &gt;<BR>&gt; &gt; &gt; Hi Norm,<BR>&gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; My information came from quotetracker as 
  follows:<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; 
  &gt; As for my hypothesis about DNA and fibonacci numbers: DNA transmits 
  the<BR>&gt; code<BR>&gt; &gt; by<BR>&gt; &gt; &gt; which every organsim 
  develops. So the "shape" of a<BR>&gt; &gt; &gt; plant for example is 
  determined by its DNA. I recall (although its been<BR>&gt; a long<BR>&gt; &gt; 
  &gt; time ) that fibonacci numbers are found, for example,<BR>&gt; &gt; &gt; 
  in the number of leaves on a fern frond. In other words, that 
  fibonacci<BR>&gt; &gt; pattern<BR>&gt; &gt; &gt; must have been encoded in the 
  DNA in some way.<BR>&gt; &gt; &gt; Presumanbly, also, ferns with that DNA 
  pattern were "fitter" for<BR>&gt; survival than<BR>&gt; &gt; &gt; ferns that 
  didn't have fibonacci numbers encoded in<BR>&gt; &gt; &gt; their DNA. Now we 
  are definitely off topic, but I enjoy a little<BR>&gt; intellectual<BR>&gt; 
  &gt; &gt; diversion sometimes.<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; 
  Aloha,<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; Mike Gibbons<BR>&gt; &gt; &gt; 
  Proactive Technologies, LLC<BR>&gt; &gt; &gt; <A 
  href="http://www.proactech.com">http://www.proactech.com</A><BR>&gt; &gt; 
  &gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; -----Original Message-----<BR>&gt; 
  &gt; &gt; From: <A 
  href="mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmission.com</A><BR>&gt; 
  &gt; &gt; [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman<BR>&gt; 
  &gt; &gt; Sent: Thursday, August 29, 2002 11:14 AM<BR>&gt; &gt; &gt; To: <A 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A><BR>&gt; 
  &gt; &gt; Subject: Re: [CANSLIM] Ernie's Forecasts<BR>&gt; &gt; &gt;<BR>&gt; 
  &gt; &gt;<BR>&gt; &gt; &gt; Hi Maui Mike,<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; 
  OK, on topic and out of the shadows&lt;G&gt;&nbsp; The investors.com chart 
  shows a<BR>&gt; low<BR>&gt; &gt; &gt; of 911.06.&nbsp; I know that sometimes 
  there are trades that confound the<BR>&gt; &gt; &gt; charting sites, so where 
  can I get the same info you have?<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; As for 
  encoding Fib lines in DNA; that's a little far fetched even for<BR>&gt; 
  this<BR>&gt; &gt; &gt; Trekker to consider&lt;G&gt;&nbsp; My ecology 
  understanding dictates that genes<BR>&gt; survive<BR>&gt; &gt; &gt; by 
  increasing the reproductive success of the species.&nbsp; Now I can 
  think<BR>&gt; &gt; &gt; "outside of the box" as good as the next scientist, 
  but this one doesn't<BR>&gt; &gt; &gt; seem to be in the same room with the 
  box&lt;g&gt;&nbsp; Looks like an observation<BR>&gt; has<BR>&gt; &gt; &gt; 
  been made, now you have postulated a theory, who's gonna test 
  it&lt;G&gt;<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; Elliot wave theory is 'nother 
  story and one that I don't have enuf<BR>&gt; knowledge<BR>&gt; &gt; &gt; to 
  address at this time.<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; There, now *that's* 
  OT!<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt; Norm<BR>&gt; &gt; &gt; ----- Original 
  Message -----<BR>&gt; &gt; &gt; From: "Mike Gibbons" &lt;<A 
  href="mailto:mikegibbons@proactech.com">mikegibbons@proactech.com</A>&gt;<BR>&gt; 
  &gt; &gt; To: &lt;<A 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>&gt;<BR>&gt; 
  &gt; &gt; Sent: Thursday, August 29, 2002 4:01 PM<BR>&gt; &gt; &gt; Subject: 
  RE: [CANSLIM] Ernie's Forecasts<BR>&gt; &gt; &gt;<BR>&gt; &gt; &gt;<BR>&gt; 
  &gt; &gt; &gt; Norm and kelly,<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; I 
  don't want to be picky, but the S&amp;P 500 sank to below 905 at about<BR>&gt; 
  &gt; &gt; 10:00.<BR>&gt; &gt; &gt; &gt; It then rose and fell again with a 
  turn later in the day at 911. So<BR>&gt; the<BR>&gt; &gt; &gt; turn<BR>&gt; 
  &gt; &gt; &gt; was actually lower than Ernie predicted.<BR>&gt; &gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; &gt; That said, I do agree that Ernie's forecasts since 
  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; 
  &gt; "experimental error".<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; 
  However, I have the same kind of feeling about Elliot Wave Theory as<BR>&gt; 
  &gt; &gt; &gt; Einstein had about the uncertainty principal - without a 
  rational<BR>&gt; &gt; &gt; &gt; explanation for why it works (if it does 
  reliably), its hard to<BR>&gt; believe in<BR>&gt; &gt; &gt; &gt; it.<BR>&gt; 
  &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; I can understand fibonacci numbers 
  recurring frequently in nature<BR>&gt; because<BR>&gt; &gt; &gt; &gt; they 
  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 
  market. But then again, I haven't put any<BR>&gt; time<BR>&gt; &gt; &gt; 
  into<BR>&gt; &gt; &gt; &gt; trying to understand the causal connection and my 
  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; 
  &gt; &gt; &gt; relationship, I would find that helpful.<BR>&gt; &gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; &gt; Also, why is this off topic? Understanding M is 
  fundamental to CANSLIM<BR>&gt; &gt; &gt; &gt; because 75% of stocks go with 
  the flow.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; Aloha,<BR>&gt; &gt; 
  &gt; &gt;<BR>&gt; &gt; &gt; &gt; Mike Gibbons<BR>&gt; &gt; &gt; &gt; Proactive 
  Technologies, LLC<BR>&gt; &gt; &gt; &gt; <A 
  href="http://www.proactech.com">http://www.proactech.com</A><BR>&gt; &gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; -----Original 
  Message-----<BR>&gt; &gt; &gt; &gt; From: <A 
  href="mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmission.com</A><BR>&gt; 
  &gt; &gt; &gt; [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly 
  Short<BR>&gt; &gt; &gt; &gt; Sent: Thursday, August 29, 2002 10:36 AM<BR>&gt; 
  &gt; &gt; &gt; To: <A 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A><BR>&gt; 
  &gt; &gt; &gt; Subject: RE: [CANSLIM] Ernie's Forecasts<BR>&gt; &gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; Norm,<BR>&gt; &gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; &gt; I was commenting at lunch at perfectly he called 
  it today and<BR>&gt; yesterday.<BR>&gt; &gt; &gt; &gt; Almost to the hour. I 
  wonder if he tracks the success of his<BR>&gt; predictions.<BR>&gt; &gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; &gt; Kelly<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; 
  &gt; -----Original Message-----<BR>&gt; &gt; &gt; &gt; From: Norman 
  [mailto:theboyd@tisd.net]<BR>&gt; &gt; &gt; &gt; Sent: Thursday, August 29, 
  2002 3:27 PM<BR>&gt; &gt; &gt; &gt; To: <A 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A><BR>&gt; 
  &gt; &gt; &gt; Subject: [CANSLIM] Ernie's Forecasts<BR>&gt; &gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; All,<BR>&gt; &gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; &gt; I know it's a little (OK a lot&lt;G&gt;) off 
  topic, but is interesting.&nbsp; For<BR>&gt; &gt; &gt; those<BR>&gt; &gt; &gt; 
  &gt; of you who subscribed to Ernie's S&amp;P 500 forecasts, did you notice 
  he<BR>&gt; has<BR>&gt; &gt; &gt; &gt; apparently called this one 
  perfectly.&nbsp; He predicted a turn window or<BR>&gt; &gt; &gt; &gt; 
  910-913.&nbsp; Today it turned at 911.06.&nbsp; For now, his crystal ball 
  is<BR>&gt; &gt; &gt; working.<BR>&gt; &gt; &gt; &gt; For those of you who are 
  not subscribed I copied last nights forecast<BR>&gt; &gt; &gt; below.<BR>&gt; 
  &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; Norm<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; 
  &gt; &gt;<BR>&gt; &gt; &gt; &gt; Once again today could be the bottom, as we 
  came within a whisker of<BR>&gt; the<BR>&gt; &gt; &gt; &gt; 910-913 target 
  range, and both of my short term cycle indicators are<BR>&gt; &gt; &gt; &gt; 
  suggesting that a turn is imminent. While the next target level of<BR>&gt; 
  876-884<BR>&gt; &gt; &gt; &gt; is still a possibility, at this point I would 
  have to say that it is<BR>&gt; not<BR>&gt; &gt; &gt; &gt; very likely that we 
  will go that low.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; 
  &gt; &gt;<BR>&gt; &gt; &gt; &gt; The 910-913 range has emerged as the high 
  probability target for the<BR>&gt; &gt; &gt; &gt; termination of this short 
  term down move. The most likely scenario for<BR>&gt; &gt; &gt; &gt; tomorrow 
  would be a move slightly lower into the target range or just<BR>&gt; &gt; &gt; 
  below<BR>&gt; &gt; &gt; &gt; before the market terminates the move, and begins 
  to go higher. The<BR>&gt; second<BR>&gt; &gt; &gt; &gt; most likely scenario 
  is that the market will open higher and continue<BR>&gt; to<BR>&gt; &gt; &gt; 
  &gt; move higher from there. And the third most likely scenario would be 
  a<BR>&gt; &gt; &gt; &gt; continuation of the down move possibly as low as 900, 
  with an<BR>&gt; intra-day<BR>&gt; &gt; &gt; &gt; reversal featuring a closing 
  price above at least 911. Each of these<BR>&gt; &gt; &gt; &gt; scenarios 
  involves the 910-913 target range.<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; 
  &gt;<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; &gt; Despite the high 
  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 
  confirmation signal this<BR>&gt; market<BR>&gt; &gt; &gt; &gt; could still 
  reach the lower target range<BR>&gt; &gt; &gt; &gt;<BR>&gt; &gt; &gt; 
  &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; 
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