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we are most likely break that green trend line
and go to your 50% retrace at 1188
(at least intra day)
Ben
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, March 13, 2005 7:36 PM
Subject: Re: [RT] sp500 update and the vix
> Ben,
> Interesting area on a trendline basis as well, for some support?
> Don Ewers
> ----- Original Message -----
> From: "Ben" <profitok@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxxxxxx: Monday, March 14, 2005 10:51 AM
> Subject: Re: [RT] sp500 update and the vix
>
>
> We are closer to a low in BOTH NASDAQ and sp500
> if 1189 holds and we close substantially above I would be happy
> NASDAQ
> and sp 500 will probably make a lower low, do not try to buy bottoms
> lets wait for confirm up move my trade of long at 1192 will be with
> hedge
> buying 20 e mini long 6 1190 puts so my risk is only 2 points, will sell
> the
> puts to a loss on a CLOSE above 1200, and also sell at that time 5 e
> mini(out of the 20)
> Ben
>
>
>
>
> Subject: Re: [RT] sp500 update and the vix
>
>
>> Clyde's hurst projections for the vix next week
>>
>>
>> Subject: [RT] sp500 update
>>
>>
>>> Hello
>>>
>>> NASDAQ is now in more trouble, it may not bottom on Monday
>>>
>>> the sp500 is in a better shape and likely support is between 1193-1197
>>>
>>> I would be a buyer at that level Monday/Tuesday
>>>
>>> stop loss at 1189
>>>
>>> profit objective is 1225-1235
>>>
>>> cycle is suggesting 3/16 as low
>>> Ben
>>>
>>
>>
>>
>>
>> Yahoo! Groups Links
>>
>>
>>
>>
>>
>
>
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