[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Near Term Market Outlook,...07-07 Energy Point ?



PureBytes Links

Trading Reference Links

In a message dated 7/7/00 7:17:03 PM Eastern Daylight Time, Jpilleafe@xxxxxxx 
writes:

<< Hello to everyone,...
 
 I am concerned the 07-07 Energy Point will come in as a high,
 ..not convinced that today was a breakout,...suspect it might be 
 a "fakeout breakout".  Noting  that 07-07 is 13 mkt days from 
 06-19 high (was 13 mkt days from 05-31 Key Low).   And that 
 07-07 is 90 cal days from 04-11 going back in time,..the  90 cal days 
 count marked several key time frames.     So perhaps 07-07 is a very 
 logical place for a turn of intermediate to longer term importance,..and 
 no one seems to be looking for the downside here.  CNBC guests,..etc. 
 all near term bullish,...noting seasonal strength in first half of 
July,..etc.
 
 Any thoughts or comments appreciated.  Have a good weekend.  
 
 Regards, JIM Pilliod
  >>
Hello

My work suggests  that IF  we are up Monday  we will be  EXTREMELY
overbought
But i really  doubt we will be up Monday
I also doubt  we will be up for the week 
This IS  a good place to initiate a  position trade  for SHORT
confirmation will be if volume TOTAL  Monday>  972 million
We should top out intra day when SP is up only  6 points!!
happy shorting
Ben
trading involves risk
this is NOT a trading recommendation just my outlook