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key Ben
as long as we remain above 1087 on a close the SPX
should still test the highs by late May
we also had april 27-29th as a top, with the next
minor bottom May 4-6. in terms of price we
had an up cycle target of 1145 for the spx by april
27-29; actual top was 1146
heavy volume = lower lows short term, bottom by
early next week, rally into mid-May
on the NDX we exited 1/2 of our NDX longs at 1497
(last friday's close); the balance we just closed out
looking for a re-entry on contracting volume; if
1087 on the spx is closed below then the mid term
bears will be in firm control
see attached chart for minor cyle projected
path
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
<A title=profitok@xxxxxxxxxxxxx
href="">profitok
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 29, 2004 9:15
PM
Subject: Re: [RT] top ? on sp500?
Hello Jim
what do you think now?
Ben
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Jim
Curry
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, April 27, 2004 9:04
AM
Subject: Re: [RT] top ? on sp500?
market should try one more high above 1163-1170
in the next few weeks before trying to
form a larger peak
NDX same at 1529-1545
could also be seen as soon as May
3rd
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
<A title=profitok@xxxxxxxxxxxxx
href="">profitok
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, April 26, 2004 11:59
PM
Subject: Re: [RT] top ? on
sp500?
NASDAQ still behaving very
well re: new highs and new lows
Ben
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Kent
Rollins
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, April 26, 2004 10:59
PM
Subject: Re: [RT] top ? on
sp500?
Are you talking NYSE? If so, then a
lot of those could be interest rate-related vehicles. The housing
starts number this morning set a new record. I think the market
has been behaving a bit abnormally since the last jobs report due to the
unwinding of the "carry trade" and sector rotation in expectation of
higher interest rates. How was NH/NL on the NASDAQ?
Kent Rollins
----- Original Message -----
From: <A
title=profitok@xxxxxxxxxxxxx
href="">profitok
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Cc: <A title=yacov@xxxxxxxxxxxxx
href="">Yacov Twena ; <A
title=astrofin@xxxxxxxxxxxxxxx
href="">astrofin@xxxxxxxxxxxxxxx ; <A
title=ntt-list@xxxxxxxxxxxxxxx
href="">ntt-list@xxxxxxxxxxxxxxx
Sent: Monday, April 26, 2004 10:28 PM
Subject: [RT] top ? on sp500?
Hello
today there where almost double new
lows as new highs,
was that true on Fri.? or
Thursday?
if so this is a serious top
<FONT face=Arial
size=2>Ben
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