Re: [RT] Next Week

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

Price can't start a new uptrend until the down move is completed or voided.   This down move that is taking place is nothing more then a retracement of an up move.  Trading is a funny thing.  10 different traders can look at the same chart and see 10 different conditions and they could all be right.  They won't all be profitable, but that is another matter. 

 

Have a good day.  Ira.

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

From: c.l

To: realtraders@xxxxxxxxxxxxxxx

Sent: Tuesday, March 22, 2005 12:48 AM

Subject: Re: [RT] Next Week

why are you both so sure that we will just see a bounce/retracement?

if we are at support why couldn't price move up for a new uptrend?

just curious

thanks carsten

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

From: mr.ira

To: realtraders@xxxxxxxxxxxxxxx

Sent: Tuesday, March 22, 2005 8:33 AM

Subject: Re: [RT] Next Week

Ben:

 

You should get your bounce, most of my stuff is at support and that usually means a retracement before the trend continues. 

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

From: Ben

To: realtraders@xxxxxxxxxxxxxxx

Cc: ntt-list@xxxxxxxxxxxxxxx

Sent: Monday, March 21, 2005 7:36 PM

Subject: Re: [RT] Next Week

I pray for a small bounce  ,

my max upside is 2.5% on sp

and 3.5% on nasdaq

i was  sure we make a higher low and up close too

i am not only disapponted, but also worried

there were MORE more new lows than new highs

Ben

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