Re: [RT] SP 3-24-04 Bullish Divergence?

[profitok <profitok@xxxxxxxxxxxxx>]

Watch for NASDAQ
that is the key,
for 3 days it DID hold 1900 as bottom
it also performed today better than the sp500
if we can break  above 1950  and sp above  1107  
than  all the shorts will run to cover,
however
the weekly  Mclullen osc  on volume and  breath  are 
still bearish
so,
my best guess is a failed rally attempt to  the 20 day m/a and then 
collapse (1127-1130) sp cash 
Ben
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  ----- Original Message ----- 
  <DIV 
  >From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, March 24, 2004 9:28 
  PM
  Subject: Re: [RT] SP 3-24-04 Bullish 
  Divergence?
  
  We've had bullish divergences in breadth 
  models and momentum measures for days now with no bounce worth mentioning. I 
  think there is significant risk that this thing falls out of the bottom of the 
  rectangle.
   
  Earl
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  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    <A title=delta88343@xxxxxxx 
    href="">delta88343@xxxxxxx 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Wednesday, March 24, 2004 6:27 
    PM
    Subject: [RT] SP 3-24-04 Bullish 
    Divergence?
    
    Is there the beginnings of some bullish divergence here?
     
    As I stated in my previous email, we are approaching a period in time 
    where the rotation of the points can flip flop.
     
    Though we are approaching a projected low, it could be come a high 
    due to an "in between point" which could be the potential low forming now. 
    If we then rise to the pending projected point due 3/30 +/- we would have 
    had an inversion (low point becomes high) and then the remainder of the 
    cycle points should then follow suite (unless we have a double 
    inversion).
     
    Is anyone's work projecting a move up over the next 4+/- days. Though 
    stochastics are not totally reliable, we are showing some oversold 
    conditions based on my stoch settings.
     
    Time will tell.  







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