|
PureBytes Links
Trading Reference Links
|
Really good, Ira.. and I see much
the same in my analysis.
I remember your post way back
then!
Best,
Rhonda
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Ira
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">real traders
Sent: Monday, August 18, 2003 4:19
PM
Subject: [RT] 6000 Dow
There was a comment in a post about those that
pronounced a 6000 Dow. I announced a 7367 Dow which was hit and a 6976
Dow which wasn't hit. As far as my system goes we are in a downtrend
until 10,640 is taken out and this is on a weekly chart. Does that mean
that I hold that position until I lose 3000 points? That is a ridiculous
assumption. This is a traders forum and to ignore the possibility of a
3000 point retracement is ludicrice.
The Dow signaled a buy at 7879 on March 14th and
the retracement was underway. I currently show a target at 10,825 with
resistance at about 9500 and 9900. Are these numbers written in
stone? No, there are always conditions that arise that will change
things in the short term. So if I am long going to 10,825, I will exit
at 10,6409 and let price prove to me that the downside is over. There is
always the next leg up or down to trade.
Ira.To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|