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Lots of waltzing going on: 1-2-3, 1-2-3; or a-b-c, a-b-c. swing failures?
Options expire fri. I wonder about their breadth data is for the rest of the
week? Bob?
----- Original Message -----
From: "Don Thompson" <detomps@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 11:30
Subject: Re: [RT] Intra-day market activity
> I noticed that yesterday's close is basic resistance to upward movement.
> Moving above that with any kind o decent issues and volume will be
bullish.
> eh?
>
> Don Thompson
> ----- Original Message -----
> From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, July 17, 2001 12:20 PM
> Subject: Re: [RT] Intra-day market activity
>
>
> > Randall,
> >
> > Great topic. I have been looking at the same thing. Here is part of my
> > attempt to understand the market today.
> >
> > Michael
> >
> >
> > ----- Original Message -----
> > From: "Randall Kurzon" <rkurzon@xxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, July 17, 2001 10:43
> > Subject: [RT] Intra-day market activity
> >
> >
> > > Perhaps we can start a useful (or at least interesting) discussion
about
> > the
> > > intra-day characteristics of some of the more liquid markets. My own
> > > experience is most heavily focused on the SP/Mini SP. I've noticed
> lately
> > > that some of the simpler fib levels and night session highs and lows
> seem
> > to
> > > be providing good support/resistance. Using today's action so far in
the
> > SP
> > > as an example, the 38.2% retracement (using the TS retracement tool)
> from
> > > 7/02 high to 7/11 low was at 1202.36. We bounced quickly from that
area
> > > (1201.50 close enough <g>) pausing at 1211 which is close to the 50%
> > > retracement for the same period and also was the night session high.
We
> > also
> > > saw considerable resistance in the area of 1206 which was a shorter
term
> > > retracement level.
> > >
> > > Intra-day I have levels right now at 1208.75, 1207.50, and 1206.00
> > (rounded
> > > up or down a little). Just a few minutes ago we bounced off 1206.25.
> Seems
> > > to happen too often to be coincidence. I don't look for price to hit
the
> > > levels to the penney but close seems to count quite well.
> > >
> > > The guys on listen only squawk always talked about how night session
> highs
> > > and lows were targets as well. This too seems to be very consistent.
> > >
> > > Comments from others regarding all of the above?
> > >
> > > During the course of the day, if I don't have to run out for some
> reason,
> > > I'll post periodic observations of what I see the market doing in
> regards
> > to
> > > these levels and look for responses for further discussion.
> > >
> > > Regards, Randall
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
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> > >
> > >
> >
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> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
>
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>
>
>
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