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Looks to me like an interesting complex inverse head and shoulders at the
low, with the left shoulder
over in yesterday afternoon's price action.
Pivot is now resistance on the emini.
If yesterday's close holds as support going into 2 pm . this would look
promising for higher price.
Don Thompson
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 1:16 PM
Subject: Re: [RT] Intra-day market activity
> though trading today. long on spring reversal off the lows at strong
> support, added to position then exited on weakness, tried to short but not
> triggered, now long on another spring reversal off minor new low. I'm not
> holding out for big profits today.
>
> ----- Original Message -----
> From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, July 17, 2001 10:55 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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