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Re: Re[2]: [RT] spx daily



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I don't trade bonds but have recently 
started
monitering this market more than I 
previously
have.  
It's nearing a mm  resistance 
line and
possible Major High from Hurst 4 
analysis;
but 
the trend still is strong for now. 
This chart was done early am.  
 
Any thoughts on this by traders that do 
trade
or have in the past  traded this market would 
be appreciated. 
Best,
Rhonda
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  BobsKC 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, May 22, 2003 6:01 
PM
  Subject: Re[2]: [RT] spx daily
  Bullish sentiment may be high but in fact, shorting is 
  robust and getting stronger.  So do we go by what people say or what 
  they do?BobAt 02:52 AM 5/23/2003 +0400, you 
  wrote:>Hello Mark,>>%Bearish today is lowest since 
  1991:>><A 
  href="">http://www.schaeffersresearch.com/streetools/inv_intel.asp>>". 
  High readings suggest excessive optimism, which typically occurs>when 
  buying strength has been tapped out, and low readings 
  represent>depleted selling strength, and tend to precede market 
  rallies. We>normally view a bullish percentage higher than 55 combined 
  with a>bearish reading lower 30% as bearish for the 
  market.">>>Best regards,>  
  Alex                            
  mailto:alex_bell@xxxxxxx>>>Thursday, May 22, 2003, 
  9:36:17 PM, you wrote:>>MS> You meant "higher high", right 
  ?>MS> Don't underestimate the bulls....they are wildly optimistic 
  right>MS> now.....and holding this market up.>MS> 
  Bull-Bear survey ratio now at the highest point in 
  years....>MS>   -----Original 
  Message----->MS>   From: none 
  [mailto:profitok@xxxxxxxxxxxxx]>MS>   Sent: Wednesday, May 
  21, 2003 10:40 PM>MS>   To: 
  realtraders@xxxxxxxxxxxxxxx>MS>   Subject: Re: [RT] spx 
  daily>>>MS>   
  Hello>>MS>   I am with you  that  there 
  is a high probability that we make a >lower high>MS> tomorrow 
  or Fri. and then  collapse>MS>   
  Ben>MS>     ----- Original Message 
  ----->MS>     From: Rhonda 
  Guilbeaux>MS>     To: 
  realtraders@xxxxxxxxxxxxxxx>MS>     Sent: 
  Wednesday, May 21, 2003 7:37 PM>MS>     Subject: 
  [RT] spx daily>>>MS>     Last 
  quarter's candle waist 882.>MS>     right at the 
  200 dma area.>>MS>     Higher support..at 
  the 898 area.. (near the rising 50dma)>MS>     
  Wouldn't  be surprised to see this price level tested.. and also 
  to>MS> hold, initially>MS>     
  anyway.>MS>     if not, 867-882 looks to be a 
  good higher support area.>MS>     Breaking above 
  last weeks highs and more important>MS>     
  953-955  then I am incorrect in my assessment  that last 
  week's>MS>     high is "semi" important and 
  perhaps>MS>     a slightly stronger pullback 
  than what>MS>     we've seen thus far coming off 
  the>MS>     March higher 
  low.>>MS>     Tend to think any high made 
  latter week>MS>     will be a lower high than 
  last weeks>MS>     high 
  as>MS>     last weeks low was broken 
  below.>MS>     I 
  do>MS>     
  Best,>MS>     
  Rhonda>>>>>>>>>>MS>     
  To unsubscribe from this group, send an email 
  to:>MS>     
  realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>>MS>     
  Your use of Yahoo! Groups is subject to the Yahoo! Terms of 
  Service.>>>MS>         
  Yahoo! Groups 
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