|
PureBytes Links
Trading Reference Links
|
Top MAY be in based on the 450 cd cycle from Mar 19th, and 360 td
from Jan 7th 2000, 90 td from Mar 12th 03 low.
However if we break to new highs on Dow, watch 9300 for the 17th June.
If make lows on the 17th, it may be another buy cycle.
I dont think we will hit 9500 which i was considering by the 17th
unless we break 9333 today.
9500 does have severe resitance., but 350 s in 2 days may be asking
too much.
Pete
--- In realtraders@xxxxxxxxxxxxxxx, profitok <profitok@xxxx> wrote:
> Hello
>
> this is a very serious warning
> On the front page of barrons is a push to get into the market
> cnbc had last week a program with the same idea
>
> TAKE your IRA $401k or ANY conservative money out of the
market
>
> above is just a contrary view
> HOWEVER
>
> it is also supported by technicalls
>
> when we made a new high a few days ago it was not confirmed by new
high/new lows
> the mbi (see gif mbi061603) is under both moving averages
> mbi is market barometer and measures sum of market technicals
> volume macd went under the zero line
> diff of the 2 m/a on volume went on a sell
> and the icing on the cake is the candle pattern that sp500 gave
Friday and Thursday
> please be careful
> the perfect stop loss is suggesting
>
> go long on close above 997.75
>
> add to shorts on close under 986.35
> nice evening
> Ben
> home of the perfect stop loss
> profitok@xxxx
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get A Free Psychic Reading! Your Online Answer To Life's Important Questions.
http://us.click.yahoo.com/Lj3uPC/Me7FAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|