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I think your best observation was the lack of pivots coming on down
yesterday,
providing no congestions nodes to get hung up on. Good Observation, it
almost behaves
like a gap of sorts. since my best guess is that it is speculative shorting
and then yesterday afternoon,
it went sideways for a couple of hours..
Don
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 3:43 PM
Subject: Re: [RT] Intra-day market activity
> SP stretched a bit reaching the 78% retracement and almost getting to the
> 162% expansion at 1223, however the ND flat out stalled at confluence of
the
> 50% retracement and 100% expansion bringing the SP back a bit. SP also
> tagged the top of 39 minute regression channel plotted on my first GIF
> without closing above which suggests a pullback to the mid-channel. A
strong
> close could take the SP up to 1223 but the ND needs to go along.
>
> Earl
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, July 17, 2001 12:15 PM
> Subject: Re: [RT] Intra-day market activity
>
>
> > Look at the confluence on 39 minute chart of the 62% retracement of the
> > decline and the 100% ABC expansion of the first rally off the low all
> coming
> > together at 1216+-. This was a good place to take profits and look for
> > possible entry on retracement.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Randall Kurzon" <rkurzon@xxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, July 17, 2001 11:59 AM
> > Subject: Re: [RT] Intra-day market activity
> >
> >
> > > Well we sure seem to be hitting overhead resistance. One of my
> proprietary
> > > oscillators says this move up will take a little break now- we'll see.
I
> > > show the next major resistance level at about 1220 and then at around
> > 1225,
> > > Friday's high. Anyone see a particular reason we should be stalling
out
> > here
> > > (1214-15)?
> > >
> > > Randall
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> >
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> >
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> >
>
>
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