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<font size=3>Realtraders,<br>
<br>
As a follow up, the support levels on the S&P Sept Futures are
approximately 137500-138000 (currently trading at 138870 at 3:20 PM
EDT).<br>
<br>
John Boggio<br>
<br>
<br>
At 02:52 PM 7/20/99 -0400, G.John Boggio wrote:<br>
>Realtraders,<br>
><br>
> Attached is a 15 min chart of the OEX. My short term
work is indicating<br>
>that we are fast approaching a support zone in the market. This
analysis<br>
>is based on symmetry wave of previous declines (see parallel white
lines on<br>
>chart), as well as Fibonacci support in the 710 area. Finally,
take a look<br>
>at the 14 period RSI, it too is looking for a temporary bottom from
these<br>
>levels.<br>
><br>
> Going forward, look for a bounce over the next few
hours. I expect<br>
>resistance between 716 - 719 followed by another retest of the 710
level.<br>
>This retest very well could fail but should be contained with a
SHORT-TERM<br>
>worst case scenario of approximately the 690-700 level on the
OEX.<br>
><br>
>Food for thought,<br>
>John Boggio<br>
>PS Please note, this is a short term analysis and should be
valued<br>
>accordingly. This is not a trading recommendation<br>
><br>
</font><br>
</html>
</x-html>From ???@??? Tue Jul 20 13:58:17 1999
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Message-ID: <007001bed2e5$5fdfd180$2c11fea9@xxx>
From: "ROBERT ROESKE" <bobrabcd@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxx>, <realtraders@xxxxxxxxxxxx>,
"G.John Boggio" <boggio@xxxxxxxxx>
References: <4.1.19990720144200.009a62a0@xxxxxxxxxxxxx>
Subject: Re: RT_MKT - Market finding support.
Date: Tue, 20 Jul 1999 12:23:21 -0700
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Status:
Price may be at a fibo support, but cumulative volume is in a waterfall.
BobR
----- Original Message -----
From: G.John Boggio <boggio@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxx>
Sent: Tuesday, July 20, 1999 11:52 AM
Subject: RT_MKT - Market finding support.
> Realtraders,
>
> Attached is a 15 min chart of the OEX. My short term work is indicating
> that we are fast approaching a support zone in the market. This analysis
> is based on symmetry wave of previous declines (see parallel white lines
on
> chart), as well as Fibonacci support in the 710 area. Finally, take a
look
> at the 14 period RSI, it too is looking for a temporary bottom from these
> levels.
>
> Going forward, look for a bounce over the next few hours. I expect
> resistance between 716 - 719 followed by another retest of the 710 level.
> This retest very well could fail but should be contained with a SHORT-TERM
> worst case scenario of approximately the 690-700 level on the OEX.
>
> Food for thought,
> John Boggio
> PS Please note, this is a short term analysis and should be valued
> accordingly. This is not a trading recommendation
>
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>
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