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sure thing Bob
it is: <A
href="">jim@xxxxxxxxxxxxxxxxxxx
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>
----- Original Message -----
<DIV
>From:
BobR
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, April 06, 2003 1:32
PM
Subject: Re: [MedianLine] Re: [RT] Short
Term Bulls & Bears
Jim, could I have your email
address?
thanks,
bobr
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>
----- 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
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----- 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
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----- 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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