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March SP 30 minute showing a beautiful bull flag. Low risk opportunity
to add to trading longs with tight stop.
Earl
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, January 07, 2000 7:54 AM
Subject: [RT] Re: position trading for futures/sp500
> Set-up pending for tradable rally in S&P - key is 1427 area. Yesterday
> was inside day and NYSE breadth models have been getting stronger past
> two days.
>
> Earl
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
> Sent: Thursday, January 06, 2000 6:02 AM
> Subject: [RT] Re: position trading for futures/sp500
>
>
> > I watch oscillators based on both daily and weekly NASDAQ and NYSE
> > breadth: a/d, a/d volume, hi/lo. The NYSE breadth has been improving
> for
> > past couple of weeks. This decline has not been accompanied by the
> > massive deterioration I would expect to see in a major sell-off.
> Always
> > subject to revision as the market dictates, but at this point the
bull
> > does not appear to be dead. I note further that the Ru2000 small cap
> > index has formed a very nice C&H bottom which could support a nice
> > advance assuming the 470 area (March) manages to hold which would be
a
> > 38% retracement of the rally from the October low.
> >
> > Earl
>
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