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Let's see if the 127% retracement cat has 6 lives ... daily cash chart
attached.
Earl
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
EarlA
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, December 03, 2003 10:40
AM
Subject: Re: [RT] The Market
environment
Actually, the last five rallies have held at 127% retracement.
Earl
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
EarlA
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, December 03, 2003
10:23 AM
Subject: Re: [RT] The Market
environment
Just completed final third position of March 1150 Leap Puts. I
don't expect that there are more than a few points of gas left in this tank
... perhaps a run to long term open targets clustering around 1078+- but not
much more. Look at last three rallies on daily chart and you will see that
each rally was contained at 127% retracement of previous decline.
Earl
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
EarlA
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
; <A title=canslim@xxxxxxxxxxxxxxxxxx
href="">canslim@xxxxxxxxxxxxxxxxxx
Sent: Friday, November 14, 2003 7:22
AM
Subject: Re: [RT] The Market
environment
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.
<FONT
size=2>Earl
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