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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>
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Service.>>>MS>
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