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Naz breadth is going into trend mode.
bobr
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 9:55 AM
Subject: Re: [RT] Intra-day market activity
> 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
> > > >
> > > >
> > > >
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> > > >
> > > >
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