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

[profitok <profitok@xxxxxxxxxxxxx>]

Most likely we get to 555 tomorrow intra day
question is can we close above it?
Both oex and sp500 stopped at the 20 day m/a  today
However, NASDAQ is still outperforming the sp500 and oex,
(which leads me to believe that this up move will continue,
(adding fuel to the fire is the p/c on sp500 of over 2.0  !!!)
Ben
<BLOCKQUOTE dir=ltr 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  mr.ira 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Monday, March 29, 2004 2:40 
AM
  Subject: Re: [RT] SP 3-24-04 Bullish 
  Divergence?
  
  I have a downside projection of 520 with support at 530.  There is 
  still upside pressure on price.  If 555 is taken out that would void the 
  down move for now.  If price is going to fail it should do so in the next 
  two days.  Ira
  <BLOCKQUOTE 
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    Subject: Re: [RT] SP 3-24-04 Bullish 
    Divergence?
    
     
    <BLOCKQUOTE 
    >
      Hello
       
      the max down potential is 15 oex points for now,
      we are closer to the bottom 
       
      the attach is the oex weekly bars on the  long term trading,(a 
      tool to determine when to close a short position in  a 2-4 
      month  time frame)
      as you can see  in the last whole year we have NEVER  
      wisited under the center  m/a, since the bands are widenning,  
      volatility is increasing, and stops must be 
      away from price  if you are still short,
       
      I susspect  they will fool us monday and break the fri low 
      before closing up,
      this up move is still susspect as  we broke major trend 
      lines,
      Ben







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