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Re: [MedianLine] Re: [RT] Short Term Bulls & Bears



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Jim, could I have your email address?
 
thanks,
bobr
 
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Jim 
  Curry 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Sunday, April 06, 2003 9:08 
AM
  Subject: Re: [MedianLine] Re: [RT] Short 
  Term Bulls & Bears
  
  hey Bob,
  FYI, I have a 30 day cycle low that is due near 
  expiry. 
   
  a cycle will usually come back and tag a moving 
  average of the same length; the 30 day average is currently near the 
  848-850
  region, which is added weight to your #1 
  assessment below.
   
  Jim
  <BLOCKQUOTE 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    <A title=bobrabcd@xxxxxxxxxxxxx 
    href="">BobR 
    To: <A title=MedianLine@xxxxxxxxxxxxxxx 
    href="">MedianLine@xxxxxxxxxxxxxxx ; <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx ; 
    <A title=swingmachine@xxxxxxxxxxxxxxx 
    href="">Swingmachine 
    Sent: Sunday, April 06, 2003 11:47 
    AM
    Subject: Re: [MedianLine] Re: [RT] 
    Short Term Bulls & Bears
    
    This is getting to be interesting with the 
    various views.  Here are some additional factors going into next 
    week.
    FUNDAMENTAL
    1. The open interest max pain point(tm of 
    w.ez-pnf.com) for the SPX(cash) is at the 850 strike price.  
    Friday ES close was 878.75 with only a half point premium to the cash.  
    Going into expiration this max pain point is thought to act like a 
    magnet.  Its been at 850 for more than a few weeks, a month or 
    more.
    SEASONAL
    2. This is pre-options expiration week.  
    If the market has been going up the previous week, then during the 
    pre-options expiration week it isn't surprising to see some pullback until 
    Thursday or Friday.
    3. The so called beginning of month seasonality 
    ends on Monday, i.e. the 5th trading day of the month when the switchers go 
    from stocks back to moneymarkets.
    4. TAX time, remains to be seen which will 
    dominate, revenue raising to pay taxes or an IRA funding week.  Last 
    week jacked prices up to the 200 day SMA on the SPX just in time to 
    facilitate the profittakers and IRA funding public. 
    TECHNICAL
    5. The Gann Swing on 30 minute bars is now 
    pointing downward so the priority is given to the dark blue pitchfork.  
    Daily Gann Swing is upward.....but it has been making lower lows and lower 
    highs.  Daily mirror line is at 856
    6. 200 day SMA has been resistance for 3 
    days.  The 200 day average is at 884.70resistance, 20 day average is at 
    856.75support and the 50 day 846.30support.  Since the 200 day is still 
    sloping downward the mode is still considered bearish.  The GannSwing 
    is at 884.25.  
     
    bobr
     
     
     
    <BLOCKQUOTE 
    >
      ----- Original Message ----- 
      <DIV 
      >From: 
      <A title=timothysharp@xxxxxxxxxxxxxxxxxx 
      href="">timothysharp 
      To: <A 
      title=MedianLine@xxxxxxxxxxxxxxx 
      href="">MedianLine@xxxxxxxxxxxxxxx 
      
      Sent: Sunday, April 06, 2003 12:08 
      AM
      Subject: Re: [MedianLine] Re: [RT] 
      Short Term Bulls & Bears
      
      guess I'll chime in here with 
      another possible view.  
       
      I see the potential for a drop 
      back to the 840ish range, basis the esm03, based on my channel work and 
      the possible diamond formation in the 60-min chart.  
       
      Note also that there's a 
      little H&S pattern that developed in Friday's session, with 
      a neckline at the ~873 range.
       
      It will certainly be an 
      interesting week to see how these differing views play 
      out.
       
      <FONT face=Tahoma color=#0000ff 
    size=2>--ts
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