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One thing that seems telling to me right here is the action in the
Russell, Midcap, Value Line, etc. Starting to look like w 3 down to
me. Those mkts don't bounce much in this stage.
Also of note is that some reporting spec was long 2400 md futures
last week with no reporting shorts. Small specs were about 70% long
I think. Oops! Wouldn't want to have to unload that one in this mkt.
I'm sure they have an offsetting position somewhere else :-)
Chris
--- In realtraders@xxxx, "Earl Adamy" <eadamy@xxxx> wrote:
> Another comment ... they have been selling the NYSE for two days
now and
> this is typical of the bear rotation down ... sell off the NQ, then
sell the
> NY, then sell the NQ. This essentially means that the "safe" big
caps are no
> longer safe.
>
> This is Friday and the bad numbers keep rolling out the door ...
>
> Earl
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxx>
> To: <realtraders@xxxx>
> Sent: Friday, September 07, 2001 9:45 AM
> Subject: Re: [RT] Nasdaq
>
>
> > One other comment ... they came in and bought ND futures at
134150 and
> that
> > turned and led the SP futures up. For those who believe in
intervention (I
> > do) this was a very logical strategy to slow the decline.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxx>
> > To: <realtraders@xxxx>
> > Sent: Friday, September 07, 2001 9:41 AM
> > Subject: Re: [RT] Nasdaq
> >
> >
> > > My targets for September ND are 1200, 1070, 900. SP target is
1040.
> Daily
> > > charts are all shot so using weekly.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "Ira Tunik" <irat@xxxx>
> > > To: "realtraders" <realtraders@xxxx>
> > > Sent: Friday, September 07, 2001 9:10 AM
> > > Subject: [RT] Nasdaq
> > >
> > >
> > > > This one looks real dicey. If 1700 doesn't hold I have
targets all
> the
> > > > way down to 860 with support at 1375 and 1080. There are
other
> > > > intermediate price objectives, but these are the major ones.
Always
> be
> > > > aware of the movement that will cause a directional change.
Trading
> with
> > > > blinders on and unidirectional can be dangerous to your bank
account.
> > > > Ira.
> > > >
> > > >
> > > > ------------------------ Yahoo! Groups
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> > > >
> > > >
> > > >
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> > > >
> > > >
> > > >
> > >
> >
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