Re: [RT] Market condition

["mr.ira" <mr.ira@xxxxxxxxxxxxx>]

Mar. 12 and 1180 is still intact.  It will be 
interesting to see how this move down plays out.  
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  >From: 
  <A title=mr.ira@xxxxxxxxxxxxx 
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  To: <A title=realtraders@xxxxxxxxxxxxxxx 
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  Sent: Wednesday, February 04, 2004 11:49 
  AM
  Subject: Re: [RT] Market condition
  
  this was done on Dec 14 and today it is Feb. 
  4th.  Did things happen as noted in this post. let us look and see. 
  
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    ----- Original Message ----- 
    <DIV 
    >From: 
    <A title=mr.ira@xxxxxxxxxxxxx 
    href="">mr.ira@xxxxxxxxxxxxx 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">real traders 
    Sent: Sunday, December 14, 2003 8:32 
    AM
    Subject: [RT] Market condition
    
    I have been reading a lot of opinions on the 
    market and no definitive parameters.   Here is what I see on my 
    charts.  I am using the S&P Index as that appears to be the focus 
    of most of the group.  
     
    We are in a bear market until 1180 is taken 
    out.  So far 1180 is still intact. 
    Until that time the probability of a 560 low still 
    exits.  If the 1175 should have read 
    1075. resistance area holds the next move down has a 
    slight probability of forming a double bottom at about 790.  If 1075 
    resistance doesn't hold the next major resistance appears to be 1130.  
    1130 did act as temporary resistance prior to 
    the low on the 13th. 
     
    The next market low should appear about 
    1-15.  This happened on the 13th instead of 
    the 15th. A cycle dynamic.   Whether that low is above 
    or below this point time will tell.   There is nothing that 
    says lower at this time.  It hasn't 
    gone lower in spite of all the bearish prognostications. My 
    next upside target on a shorter time frame would be about 
    1092.  This target was 
    hit about 12-24.  At this time 1050 would have to 
    be taken out before any significant down move could take place. If your time 
    frame is really short look for resistance at 1076 and then at 
    1080. This did offer resistance until 
    12-17.   So with the right system things can be predicted with a 
    certain degree of accuracy.  This was all done before the fact, 
    not after the fact.   Good trading, Ira. 
    
    Bull or bear is strictly dependant upon your 
    frame of reference.  Can you make money being long in a down 
    market?  Yes.  Can you make money being short in an up 
    market?  Yes.  One just has to know when to put on a position and 
    when to exit a position.  
     
    Now that my neck is hanging way out, let us see 
    what happens.   Hope that your week ends are going well and good 
    trading in the coming week, IraTo unsubscribe from 
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