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While my SP8U price indicators are indicating strength here, my NetTickVolume
indicator on intraday is showing distribution into this rally. Action on Nasdaq
is suggesting a bottom is in, while the SP looks like trouble getting through
1137.
Earl
-----Original Message-----
From: Proffittak@xxxxxxx <Proffittak@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, June 18, 1998 5:37 AM
Subject: sp500
>good morning
>
>
>as convincing as the rally was yesterday i am not impressed
>a: it did not bring McCullen above 0
>b: the improvmnt in new hi was not noticeable
>c: p/c is too optimistic
>
>the only good was volume
>
>sell short 1 mini @open
>ss 1 mini @1119.1
>buy to close@xxxx
>all bets are off if we mk a higher hi today
>
>happy trading
>Ben
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