Re: [RT] Market condition

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

So much for this rally on great breadth. Typical pattern is to see a 
pullback during lunch, then rally out on strong breadth. Instead breadth has 
steadily deteriorated. Out of longs, now flat, seriously considering putting 
shorts back on.
 
Earl
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, May 19, 2004 8:33 
  AM
  Subject: Re: [RT] Market condition
  
  For now this is a running market. Covered 40% of NDX short on Friday when 
  support held and balance this morning. Am long the SPX.
   
  I'm seeing 10:1 up volume and heavy first hour so this should have legs 
  for a few days. Will look to re-establish short from higher level
   
  Earl
  <BLOCKQUOTE dir=ltr 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    <A title=profitok@xxxxxxxxxxxxx 
    href="">profitok 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Tuesday, May 18, 2004 11:58 
    PM
    Subject: Re: [RT] Market 
condition
    
    we should get to your targets by 
    5/20/04-5/24/04
    Ben
    <BLOCKQUOTE 
    >
      ----- Original Message ----- 
      <DIV 
      >From: 
      EarlA 

      To: <A 
      title=realtraders@xxxxxxxxxxxxxxx 
      href="">realtraders@xxxxxxxxxxxxxxx 
      
      Sent: Wednesday, May 12, 2004 11:13 
      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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