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Excelent Ben. As always, your insights are appreciated.
SP500 has significant horizontal resistance around 950. A 100 point up move
near term would be very constructive IMO. From the present 887, it seams to
me we have an upside potential to 1050-1100, after breaking out, and a
downside risk to 750-800 until then. I would be content to wait for a
breakout until after quarterly lows near the end of March.
The COMPX is a bit more constructive, having exceeded August highs in Nov &
Jan.
Looking at your aa123003.gif, price appears to be turning up from the lower
band and 'should' retrace at least to the middle of the range if not to the
upper band.
-Stan
----- Original Message -----
From: "profitok" <profitok@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <wheelsinthesky@xxxxxxxxxxxxxxx>; <ntt-list@xxxxxxxxxxxxxxx>;
<panda2222@xxxxxxxxxxxxx>; <dorothy.carter@xxxxxxxxxxxxxxxx>; "Vincent
DONOVAN" <vdonovan@xxxxxxxxxxxxx>
Sent: Thursday, January 23, 2003 9:00 PM
Subject: Re: [RT] Tomorrow and after
> Hello
>
> Assuming a follow up in price tomorrow,(which I can only see NASDAQ
doing,)
> then for this max upside potential is 100 sp points
> see long term trading gif aa12303
> also for the record I move my stop in the overnight session to 884
> and if we hit tomorrow 889,15 will sell 2 out of 4 e mini and 890.25
the
> rest
> reasons
> a would not carry over week end
> b p/c bad
> c max daily potential is only 900.7(from perfect stop loss gif
aaastoploss
> all 3 are ALMOST available
> Ben
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