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So far this seems to be the case and we may yet see the top
of the green channel.
Serious up movement will require breaking of the top trend
line in a significant fashion.
Clyde
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105 Office: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
Details at: www.theswingmachine.com
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----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, February 14, 2003 8:21 AM
Subject: Re: [RT] Thursday rebond
> The rumored very large buyer of call options right before the move didn't
> hurt either?
>
> Can anyone verify (not sure if equity or futures).
>
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, February 14, 2003 5:04 AM
> Subject: [RT] Thursday rebond
>
>
> > Thursday's late day rebound was a good example of target selection.
Each
> > day there are certain levels that are higher probability targets than
> > others. The Day session open is one that anyone who has been trading
> > becomes aware of fairly soon. The others not so well known are the
three
> > Market Profile levels of Value Area low, high and point of control.
> > Thursday rebound saw a move up to the Open by the ND and SP. Then both
> > backed off for a few 5 minute bars and then tested the Open again
> > successfully by moving up to the next level, the Value Area low. The SP
> > took several bars on the retest whereas the ND did it within the last
bar.
> > The ES and NQ had a similar responce in that after finding intraday
double
> > bottom support at the Low -0.382 extension of Wednesday's 24 hour range
> both
> > rebounded to the red midpoint(highD(0)+lowD(0))/2 followed a few ticks
> > higher to the midnight open(magenta). Another item of note on the ES
and
> NQ
> > is the cross below the midpoint prior to the daysession open. That
> redline
> > crossing after making a high or low over night can be a clue to the day
> > session AM period. As of this early hour, the NQ and ES are both
working
> > that midpoint line, NQ slightly below and ES slightly above, neither far
> > enough away to decisive at this point.
> >
> > enjoy,
> > bobr
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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