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We are talking apples and oranges. The S&P Dec future doesn't have a support
level until it reaches the 1290 area and there is resistance at 1345 area. The
S&P index has support at 1330, which we have penetrated by a little. If this
level doesn't act as support and acts as resistance, we are looking at 1290 and
then 1274 for the next 2 support areas. There is a 70% probability to the 1274
being hit. These are the numbers that I am working with. I had posted that
Nadsaq number a while back. Now that my little buns are hanging out once again,
let us see what actually happens. Have a good holiday, Ira.
Michael Ferguson wrote:
> Ira,
>
> SP sold almost to the close, with little short covering. The locals and some
> commercials were offered almost to the last minute. Does this suggest they
> are looking for a lower spot to cover? Only a half-day Friday to square
> positions.
>
> ----- Original Message -----
> From: "Ira Tunik" <ist@xxxxxx>
> To: "realtraders" <realtraders@xxxxxxxxxxx>
> Sent: Wednesday, November 22, 2000 18:13
> Subject: [RT] @cco
>
> > I have support on 2 different time cycles at this 2700 area for the
> > nasdaq index. So if you are short, I believe that it is time to tighten
> > up the stops. Just an observation. Have a good holiday. Ira.
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> >
>
>
> To unsubscribe from this group, send an email to:
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