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Well! 1075 did hold as support levels should.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
mr.ira
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, May 12, 2004 7:42
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.
<BLOCKQUOTE
>
----- 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
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