Re: [RT] es05m/sp500

["EAdamy" <eadamy@xxxxxxxxxxxx>]

I generally agree that 1200 is likely target, however the A/D issues and volume oscillators (see attached charts) are reaching very high levels so I would expect a loss of momentum and a pullback. I suspect we'll get that pullback sooner rather than later.

 

Earl

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

From: Deosaran Bisnath

To: realtraders@xxxxxxxxxxxxxxx ; e-mini_traders_anon@xxxxxxxxxxxxxxx

Cc: realtraders@xxxxxxxxxxxxxxx ; ntt-list@xxxxxxxxxxxxxxx

Sent: Wednesday, May 04, 2005 7:17 PM

Subject: Re: [RT] es05m/sp500

Respectfully, I disagree.
Market has regained bullish posture, taken out the 1165 key level,
now challenging 1179/81, and most likely heading towards 1195/1200
by end of this week. 
Friday is Jobs report.... could restrict rally but recently market has shrugged
bad news and gotten a new life....

IMO, only reversal of current downtrend in crude can prevent minimum of SPX
1200 before current rally is over.

all IMO, FWIW, blah blah blah


--- Ben <profitok@xxxxxxxxxxxxx> wrote:

> for tomorrow there is an 80% probability of a higher high
> and a close down, is statistics is wrong, than,
> the  most up close could be 1-4 points,
>
> tomorrow should  mark a short term top,
> bottom at the 1140-1150   in  5/27
> if 1140 is broken then  1100-1120 is next support
> Ben
> > No virus found in this outgoing message.
> Checked by AVG Anti-Virus.
> Version: 7.0.308 / Virus Database: 266.11.5 - Release Date: 5/4/2005
>

---

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