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would not be surprise to see a sell off
at end of day, and break previous low
Ben
----- Original Message -----
From: "EarlA" <earl.a@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, January 22, 2003 1:38 PM
Subject: Re: [RT] Market
> I'm not at all keen on this market action, certainly not bullish. Not only
> did price break through the 985 area but the decline has extended into
> Wednesday. Market is trading very heavy.
>
> Earl
>
> ----- Original Message -----
> From: "EarlA" <earl.a@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, January 17, 2003 10:43 AM
> Subject: Re: [RT] Market
>
>
> > Answer in attached chart. Initial confirmation of this move will be
taking
> > out the 935 high in the SPX. A move much below the 895 area would call
> this
> > route into question as would continued decline beyond Tuesday.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, January 17, 2003 10:34 AM
> > Subject: Re: [RT] Market
> >
> >
> > > >If 954 is taken out, I believe it will be Katy bar the door
> > > >for a very fast move.
> > >
> > > You mean a fast move to 954, or a fast move past 954? If past 954,
> where
> > do
> > > you think it will go?
> > >
> > > Kent
> > >
> > >
> > > ----- Original Message -----
> > > From: "EarlA" <earl.a@xxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Friday, January 17, 2003 7:44 AM
> > > Subject: Re: [RT] Market
> > >
> > >
> > > I am seeing cup and handle formations in nearly all of the major
equity
> > > indexes. Then NASDAQ has already completed a higher high and this move
> up
> > > has been nicely confirmed by all 3 NASDAQ breadth models: issues,
> > high/low,
> > > and volume. The OEX actually managed to break out above the weekly
bear
> > > market trendline before pulling back. The NYSE has been the weak link
in
> > the
> > > rally with non-confirming On Balance Volume and modest divergences in
> the
> > > breadth models. Recently, the market has been handling bad news quite
> > well.
> > > Finally, all indexes were overbought on momentum indicators. External
> > > indicators have been a bit positive: SP COT commercials substantially
> > > lightened short positions last week (this week's should prove
> > illuminating),
> > > put/call remains constructive, and VIX has been moving back up.
> > >
> > > Had the markets attempted to breakout from recent levels, I would have
> > been
> > > aggressively shorting the breakout. I view this decline as
constructive
> as
> > > long as it does not get out of hand. My current view is that the
market
> > will
> > > move down into the Friday/Tuesday date confluence (closed Monday),
then
> > > rally strongly into mid-February. This is an inversion to what I had
> > > expected, however one must follow the market's lead. I will be looking
> for
> > > good support and long entries in the SPX 900 range. If all falls into
> > place,
> > > it may be an unexpected piece of good news which tilts the market into
a
> > > strong rally. If 954 is taken out, I believe it will be Katy bar the
> door
> > > for a very fast move.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "ira" <mr.ira@xxxxxxxxxxxxx>
> > > To: "REAL TRADERS" <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Thursday, January 16, 2003 9:09 PM
> > > Subject: [RT] Market
> > >
> > >
> > > Looking at many of the charts, I don't know if I would want to be
short
> > > going into tomorrow.
> > >
> > >
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> > >
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> > >
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> >
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> >
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>
>
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