Re: [RT] sp500/nasdaq

["mr.ira" <mr.ira@xxxxxxxxxxxxx>]

I have been at this since the late 50s and it still amazes me how price will stop at the price objectives and then do what you expect it to.  Yes, there are surprises at times, but they don't happen that often.  Have a good week all,  Ira.

----- Original Message -----

From: mr.ira

To: realtraders@xxxxxxxxxxxxxxx

Sent: Saturday, February 26, 2005 5:06 PM

Subject: Re: [RT] sp500/nasdaq

Ben:

 

S&P did hit 1195 and went through 1207 to resistance at 1214.  Next resistance if 1214 is broken is 1219 with a target at 1231.  Until 1214 is taken out the downside objectives of 1170 and 1156 are still in place.

 

The NDX doesn't look as healthy as the S&P.   There is little hope at this time that it can take out 1565 to void this down move and start the next major up move.  Right now 1530-34 looks like resistance with a short term target at 1541.  We shall see what happens on Monday.

 

Have a good week end.  Ira.

----- Original Message -----

From: Ben

To: e-mini_traders_anon@xxxxxxxxxxxxxxx ; realtraders@xxxxxxxxxxxxxxx ; ntt-list@xxxxxxxxxxxxxxx

Cc: jvc689@xxxxxxx ; doroty.h ; dorothy@xxxxxxxxxxxx ; Dom Perrino ; Elizabeth (E-mail) ; Mike Burk ; Ned ma ; panda2222@xxxxxxxxxxxxx ; Ronald McEwan ; Steve Walker ; vincent ; Yacov Twena

Sent: Sunday, February 27, 2005 3:16 PM

Subject: [RT] sp500/nasdaq

Hello

 

My work suggests that Monday would not be a good day to be on the long side,

now that does NOT mean the  up move is over,

I expect a top  on 3/2-3/4

 

unless we improve drastically on the new  high new lows  situation ,and  also  improve in the put/call department, this for now looks like a major top,

 

nice week end

Ben

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