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SPH3 dropped to its Wednesday value area low.
ES found support at the 24 hour midpoint for quite a long time today. All
against a very negative percent net volume.
bobr
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=trader@xxxxxxxxxxxxxxxxxxxx
href="">Essan Soobratty
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, January 30, 2003 12:12
PM
Subject: [RT] SPH3
It is crucial that we close above Tuesdays low
otherwise we will invalidate any positive sentiment that may have been
contributed by yesterdays outside day reversal. Failure to find a bottom
at 842 opens the door for 836, 816 and maybe 805.
As long as we stay below the 870 area I remain
bearish and will look to sell rallies.
FWIW
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