Re: [RT] Market condition

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

So far this scenario is holding up. 1075 could act 
as temporary support at this time with the target of this move down at 
around 1050. Other support level is about 1060.  If 1058 is hit then 
there is a high probability of price going to 960.  The bear projection is 
still in force and 1188 is still the upside target.  
 
All of these forces acting, one inside the 
other.  Here comes the magic trick again. 
 
Good trading.  Ira.
<BLOCKQUOTE 
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  ----- Original Message ----- 
  <DIV 
  >From: 
  <A title=mr.ira@xxxxxxxxxxxxx 
  href="">mr.ira@xxxxxxxxxxxxx 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, January 15, 2004 10:07 
  AM
  Subject: Re: [RT] Market condition
  
  The 1175 noted below should have been 1075.  
  I believe that was corrected in a previous post.  We are now at the 1130 
  area.  There should be resistance in this area.  Either a 
  retracement of this move up or consolidation.  Next upside projection is 
  1188 +/-.  Price is also approaching that price level that will void the 
  bear projection of 560.  Ira
  <BLOCKQUOTE 
  >
    ----- 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.  Until that time the probability of a 560 low still exits.  
    If the 1175 resistance area holds the next move down has a slight 
    probability of forming a double bottom at about 790.  If 1175 
    resistance doesn't hold the next major resistance appears to be 1130.  
    
     
    The next market low should appear about 
    1-15.  Whether that low is above or below this point time will 
    tell.   There is nothing that says lower at this time.  
    My next upside target on a shorter time frame would be about 1092.  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.  
     
    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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