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In short, I was seeing broadening tops and bottoms
with a steaper downslope on the bottoms, along with a dollar index that was
undergoing pressure again prior to the US open. That to me spelled a short
sell either out of the box or on a failing rally at some common resistance point
like R1-1 of the classical pit pivots. Expirations are known to pop on the
open and then go flat to down into midday.
bobr
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dan
Harels
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 16, 2003 7:32 AM
Subject: Re: [RT] ES megaphone
Bob,You may hear a megaphone, but all I see is a
bunch of squigley lines. If you don't mind me mixing the metephore,
could you walk me through what you are seeing?Thank
you,Dan>From: "BobR" <<A
href="">bobrabcd@xxxxxxxxxxxxx>>Reply-To:
<A
href="">realtraders@xxxxxxxxxxxxxxx>To:
<<A
href="">realtraders@xxxxxxxxxxxxxxx>>CC:
<<A
href="">fibonaccitrader@xxxxxxxxxxxxxxx>>Subject:
[RT] ES megaphone>Date: Fri, 16 May 2003 01:50:38
-0700>>Is the megaphone shouting or what? Let's see what
it sounds like over the>next couple of
days.>>bobr><< ESmegaphone.gif
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