Re: [RT] Market condition

["EarlA" <earl.a@xxxxxxxxxx>]

Daily SPX and NDX. SPX is at strong support area ... big trouble if it 
can't hold here. NDX has yet to hit projected support area.
 
Earl
 
<BLOCKQUOTE dir=ltr 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  <A title=cwwaring@xxxxxxxxxxxxxx 
  href="">ChasW 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, May 12, 2004 9:51 
  AM
  Subject: Re: [RT] Market condition
  
  daily dow
  <BLOCKQUOTE 
  >
    ----- 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: 
      <A title=mr.ira@xxxxxxxxxxxxx 
      href="">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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