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Most amazing has
been how well the Nasdaq and techs have held up today.....
even the
internets are coming back to life......
in the face of
low (no ?) growth prospects for both earnings and
sales.
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Warning: The
market is moving into "perverse mode".....where logic is nowhere to be
found....
Crude bumps up
against $30 today....and OSX and OIX indices fall....hard.
That makes sense,
right ?
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<FONT face=Tahoma
size=2>-----Original Message-----From: Rhonda Guilbeaux
[mailto:guilbear@xxxxxxxxxxxxx]Sent: Tuesday, August 20, 2002 2:17
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
Support
Thanks Earl. I think it also depends
on if price goes back above 939
sustained and not back below into the
close. Either way, this pullback
looks healthy
in my viewpoint even if we do go
on to test 927 area. I think it should provide good support
also if the low for this leg down
hasn't
been made yet.
Rhonda
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Earl Adamy
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>Realtraders
Sent: Tuesday, August 20, 2002 12:22
PM
Subject: Re: [RT] Support
My work generally agrees with yours ... perfect ABC
(C=100%A) at 927 and animportant pivot low at 926.75. So far, price has
been holding C=62% and ifit continues to hold through lunch, I would
expect a strong move up toresistance in the 965+- area today. Otherwise,
as long as the 927 areaholds, we may not see another leg up until
Wednesday.Earl----- Original Message -----From: "Rhonda
Guilbeaux" <guilbear@xxxxxxxxxxxxx>To:
"Realtraders@xxxxxxxxxxxxxxx" <realtraders@xxxxxxxxxxxxxxx>Sent:
Tuesday, August 20, 2002 10:25 AMSubject: [RT] SupportIf the
intraday lows are broken goinginto the afternoon; then looking to see
howsupport holds in this price area.If the intraday lows hold,
then maynot test it. So far consolidatingnear the lows of the
day.best,RhondaTo
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