|
PureBytes Links
Trading Reference Links
|
I'm still looking for price to hit my long term cluster of
targets around 1078 and am working order to complete my put position. Market
never does what is expected, but my best guess is that we'll see a sharp spike
high during which SP futures inventory will move from weak bears to strong
bears. Market should then drop pretty sharply to something in range of 50%
retracement March-November.
Earl
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dan C
To: <A title=canslim@xxxxxxxxxxxxxxxxxx
href="">canslim@xxxxxxxxxxxxxxxxxx
Sent: Thursday, November 13, 2003 9:46
PM
Subject: [RT] The Market
environment
The formation of an ascending triangle on the weekly S&P
caught myattention a couple of months ago. It looks to be close to
beingresolved, as the price action is at the apex of the triangle.
Atthe same level the index has retraced to the 38.2% level, that
isdrawn from the March 19, 00 to the October 6, 02 low.
Thisretracement level could also offer resistance. Also in the
sameneighborhood is failed support (Cerise line) for the "M" of a
smalldouble top. It is also bumping up against the upper
Bollingerband. Four reasons for a potential failure at what might be
strongresistance (supply). If it does move higher, there is
potentialstrong resistance at the 50% level that also has resistance at
thedouble top (Blue line).Any
thoughts?~Dan~------------------------ Yahoo!
Groups Sponsor ---------------------~-->Buy Ink Cartridges or Refill
Kits for your HP, Epson, Canon or LexmarkPrinter at MyInks.com. Free s/h
on orders $50 or more to the US & Canada.<A
href="">http://www.c1tracking.com/l.asp?cid=5511<A
href="">http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/zMEolB/TM---------------------------------------------------------------------~->To
unsubscribe from this group, send an email to:<A
href="">realtraders-unsubscribe@xxxxxxxxxxxxxxx Your
use of Yahoo! Groups is subject to <A
href="">http://docs.yahoo.com/info/terms/
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.
|