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You meant "higher
high", right ?
Don't
underestimate the bulls....they are wildly optimistic right now.....and holding
this market up.
Bull-Bear survey
ratio now at the highest point in years....
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: none
[mailto:profitok@xxxxxxxxxxxxx]Sent: Wednesday, May 21, 2003 10:40
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] spx
daily
Hello
I am with you that there is a high
probability that we make a lower high tomorrow or Fri. and then
collapse
Ben
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Rhonda
Guilbeaux
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, May 21, 2003 7:37
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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