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My short term S&P models are firming but not outright bullish .. McClellan Osc's
on both Nyse and Nasdaq have firmed up, the Nasdaq is behaving nicely, all long
term support on S&P, Nyse, Nasdaq are intact and so on. That said, we are
closing in on heavy resistance at 1134 area and the internals in the last hour
were poor enough that I closed out. Suspect we'll get a punch to upside
Wednesday and then move down.
Earl
-----Original Message-----
From: Ned Markson <cnedgo@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, June 23, 1998 1:09 PM
Subject: Re: Spoo #'s for the week
>FWIW, my system looks like it is going short as of the close today.
>
>Ned Markson
>cnedgo@xxxxxxxxx
>http://www.erols.com/cnedgo
>
>Proffittak@xxxxxxx wrote:
>>
>> i did already post my sp 3 but here it is again
>>
>> today bearish
>>
>> will sell 1@xxxxxx open
>> 1@x above open
>> 1@x under open
>> proffit target 8-10points
>>
>> weekly lo 1087-1097
>> will buy 1 sp june call 1110when sp sep@xxxx
>> same call 1110 when sp sep@xxxx
>> same call 1110 when sp sep@xxxx
>> proffit target 15-21 sp points
>> will take a loss on calls if sp sep future goes under last week low
>>
>> happy trading
>> Ben
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