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yes,
but , of course, the equation has changed, the market has been walloped by
the downgrade to junk status of 2 of the biggest corporations in the world -
Ford and GM
IMO, this has negated the bullish case
from now, the onus is on the market to prove, once again, that
it can overcome this BIG BAD news; this I doubt, I lean towards
retest of 1135 lows, and then some.
IMO, as usual, FWIW etc etc
--- Ben <profitok@xxxxxxxxxxxxx> wrote:
> 1172 was voilated
> if we close above 1166.50 than we are still in bull court
> ----- Original Message -----
> From: "Deosaran Bisnath" <deobisnath@xxxxxxxxx>
> To: <e-mini_traders_anon@xxxxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, May 05, 2005 12:42 PM
> Subject: Re: [e-mini_traders_anon] Re: [RT] es05m/sp500
>
>
> > wow!
> > ben, you timed this to perfection,
> > SPM just dropped 4 point in 2 minutes!
> >
> > I agree with you and Earl, in that the a/d has deteriorated, but is this
> > merely a pause to rest and relaunch? or a reversal.
> > Unless 1172 ESM is violated on an hourly close, then I am leaning towards
> > the pause and refresh scenario... rallying into Jobs report and possibly
> > into
> > early next week
> >
> > all IMO, FWIW
> >
> >
> > --- Ben <profitok@xxxxxxxxxxxxx> wrote:
> >> it already looks like we are stalling at resistance
> >> unless trin is under 1 and tick over 500 would not go long
> >>
> >>
> >>
> >
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