|
PureBytes Links
Trading Reference Links
|
All markets (equities, bonds, currencies)
are very oversold and due for a short term bounce. I have covered 40% of my ND
100 shorts while maintaining core short position. I have put on a light long in
SP 500 looking for a trading bounce. Also looking at a possible bond bounce
trade. Since I am looking for 1320+- in ND 100, I will retain my focus on short
positions and will return to 100% quickly if whether we do or do not get a
bounce here.
Earl
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
<A title=delta88343@xxxxxxx
href="">delta88343@xxxxxxx
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 06, 2004 7:09
PM
Subject: [RT] SP 5-6-04
As suspected, this move up was weak. This does not bode well for the
bulls. If we don't close above 1122 tomorrow or shortly thereafter, this
high would be 2 days early which is nothing too terrible, but due to the tough
time this market has had moving up this week is an indication of
weakness. Since the next low point is due in a week or so, and
considering the weakness we saw this week, we could have some real
problems here.
Could easily take out the lows of 3/24 I would think.
Is anyone seeing the same thing?
See attached chart if so inclined.
<IMG
src="">
Yahoo! Groups Links
To visit your group on the web, go to:http://groups.yahoo.com/group/realtraders/
To unsubscribe from this group, send an email to:realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|