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Re the S&P....
All pieces are in place to indicate a low Thurs or Fri. The total put-call ratio, the equity put-call ratio, the VIX, Rydex mutual fund levls, and the Connors-Hayward advance-decline trading pattern are all at levels which in the past accompanied a low suitable for position and intermediate term traders.
Steve
>>> profitok@xxxxxxxxxxxxx 02/22/01 08:08PM >>>
Hello
I can asure you BOTH nasdaq and sp500
WILL bottom tomorrow!
objective 8% from lowest low
and 13% for nasdaq
Ben
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, February 22, 2001 7:06 PM
Subject: [RT] S&P Support
> Now the question is will my 1245 support number hold for a little
> while? If so, could there be a bear market rally that really rips the
> shorts? Good trading and a good week end. Ira.
>
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