Re: [RT] Market condition

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

Back to 100% short NDX. What ran strong for a couple of hours could not 
hold, now looking like a falling duck.
 
Earl
<BLOCKQUOTE dir=ltr 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, May 19, 2004 12:50 
  PM
  Subject: Re: [RT] Market condition
  
  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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