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Rechecking my SP chart this morning, I see that the time correction is
projected to Wednesday morning, not Thursday. The 25% retracement has
contained the decline nicely and my NYSE model remains bullish - am
looking to trade the long side this morning with small position near
low, will add if upmove is confirmed above 1470.
Earl
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, June 06, 2000 9:37 AM
Subject: [RT] Re: S&P chart
> I had noticed flag (and gap support) on the SP hourly yesterday
evening
> but my time projections suggest that a correction of the strong rally
> should require the same amount of time as the rally itself which would
> take it to early Thursday. My biggest trading problem is entering
before
> corrections are complete so I'm trying to use some patience. The flag
> looks very good on the hourly, holding nicely above the 25%
retracement
> at 1460 (1373.50 - 1489) and OBV is rising strongly.
>
> Earl
>
> ----- Original Message -----
> From: "Dennis Holverstott" <dennis@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, June 06, 2000 8:32 AM
> Subject: [RT] S&P chart
>
>
> > I'm surprised that none of the chartists have commented on the S&P.
> > Things that stand out to me on the 30-min are the classic head and
> > shoulders, a gap that needs to be filled, and a bull flag. Earl?
> >
> > --
> > Dennis
>
>
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