Re: [RT] Market condition

["ChasW" <cwwaring@xxxxxxxxxxxxxx>]

daily dow
<BLOCKQUOTE 
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  ----- Original Message ----- 
  <DIV 
  >From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, May 12, 2004 10:13 
  AM
  Subject: Re: [RT] Market condition
  
  So far, it has paid handsomely to hold on while gritting one's teeth on 
  the up days, especially in the ND 100. I suspect a break of support here is 
  going to get rather nasty ... 1075-1027 in the SP and 1300-1316 in the ND. So 
  far they are holding a few ticks above recent lows and if they can hold those 
  ticks, they can rally it, but if they break, targets should be hit 
  quickly.
   
  Earl
  <BLOCKQUOTE 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    mr.ira 
    
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Wednesday, May 12, 2004 8:42 
    AM
    Subject: Re: [RT] Market 
condition
    
    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.







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