Re: [RT] Earl

[profitok <profitok@xxxxxxxxxxxxx>]

Hello
attach is the transportation index from 
NASDAQ
as you can see it broke the trend line from 
2/2002
(this are weekly bars)
also, ravi which is an extremely reliable indicator 
for turns turned down,
Ben
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Saturday, January 31, 2004 12:58 
  PM
  Subject: Re: [RT] Earl
  
  Depends on your outlook ... mine is a long term investment based on 
  declining supplies and rising demand. That does not mean that there will not 
  be volatility, so I do a bit of trading and hedging around core 
  positions.
   
  FWIW, S&P 100 and 500 are the only two major indexes which have not 
  reached their March 2002 highs. During the past week we have seen some modest 
  deterioration in breadth and momentum, however the daily charts are 
  approaching oversold levels. I expect to see one more rally into the 1062-1073 
  target range before this puppy rolls over for a real correction. 
  Interestingly, the S&P commercial remained lightly long as of Tuesday's 
  reporting date.
   
  Earl
  <BLOCKQUOTE 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    <A title=profitok@xxxxxxxxxxxxx 
    href="">profitok 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Thursday, January 29, 2004 8:41 
    PM
    Subject: Re: [RT] Earl
    
    Hello
    from your previous post on oil holding was a 
    good call
    today Exxon  11 billion profit prove 
    it
    however,
    it is also time to  close 50% of longs in 
    oil holdings and put a tight stop on the rest
    Ben
  
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