Re: [RT] Re: SP 9-9

["Rhonda Guilbeaux" <guilbear@xxxxxxxxxxxxx>]

I see this area as significant 
resistance.
for now also. 
 
Daily close above 
906.25 sustained and it then becoming strong support is a positive. Staying 
above it. Right now we had a 6/8's move down 
from the prior high, 
followed by a 2/8's move up. Moving back down only an 1/8 (890 area) and 
then reversing back up above 906.25 or higher is a positive on a daily 
close basis. If we surpass (890)sustained on any pullback that is a 
red flag and especially 875 level (>than 2/8's move back 
down) that would suggest this move was only a weak 2/8's bounce and 
risk of breaking last weeks lows sustained. Best,
rhonda
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Ned Markson 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Tuesday, September 10, 2002 5:09 
  AM
  Subject: [RT] Re: SP 9-9
  --- In realtraders@x..., 
  delta88343@x... wrote:> > As 
  you can see, price turned at the projected low.Now heading up to next 
  > intermediate term high.> > Some crudely drawn Gann 
  lines to assist as to where price may stop.It appears that there is 
  significant resistance for the SP at the closing price. Five minute chart 
  suggests that it will have difficulty moving through this level. Chart at: 
  <A 
  href="http://epcalc.netfirms.com/Data2/snp0909.gif";>http://epcalc.netfirms.com/Data2/snp0909.gifNed 
  MarksonTo 
  unsubscribe from this group, send an email 
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