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How many weeks are in an OEX down cycle if
there are 8 weeks in an upcycle in a bear market?....just kidding, don't need to
answer that. What will be will be. What will be on Thursday?
No need to answer that either. Just tossing some provocative pictures into
cyberspace. The April close has been tested for two days now. Is
Thirday day pain or gain. Looks like Wednesday is one of those Tobey
Crable NR4ID days, where the 5th day is a trending day. So get your orders
ready for a nice ride one way or the other.
bobr
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Rhonda
Guilbeaux
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, May 21, 2003 4:37
PM
Subject: [RT] spx daily
Last quarter's candle waist 882.right at the
200 dma area.
Higher support..at the 898 area.. (near the
rising 50dma)Wouldn't be surprised to see this price level tested..
and also to hold, initially
anyway.<FONT face=Arial
size=2>if not, 867-882 looks to be a good higher support area. Breaking
above last weeks highs and more important953-955 then I am
incorrect in my assessment that last week'shigh is "semi"
important and perhaps
a slightly stronger pullback than
what
we've seen thus far coming off the
March higher low.
Tend to think any high made latter
week
will be a lower high than last weeks
high as
last weeks low was broken below.
I do
Best,
Rhonda
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