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Re: [RT] up, down, sideways, whither this market? was: Party of Bloat

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While we are approaching a logical shorting area, I would exercise some caution. The NYSE Comp has been retesting the underside of the LT trendline from the March 2003 low for 4 days now. The NYSE AD issues oscillator is a extreme level, however the AD volume oscillator still has some room to move up before becoming extreme and the OB/OS Oscillator on Highs-Lows is on the cusp of a breakout. While NYSE is at resistance and SP500 is just 4 handles below the LT trendline, I would not rule out the possibility of a rally through the TL followed by a pullback to the TL.
 
Earl
----- Original Message -----
From: Ben
Sent: Monday, May 09, 2005 9:03 PM
Subject: Re: [RT] up, down, sideways, whither this market? was: Party of Bloat

we WILL make a higher high tomorrow
and
that is opportunity to short
most overbought is spy
NASDAQ may close up for the day
I doubt sp500 will close up
Ben
----- Original Message -----
From: "Deosaran Bisnath" <deobisnath@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, May 09, 2005 10:43 PM
Subject: Re: [RT] up, down, sideways, whither this market? was: Party of
Bloat


> Thanks Clyde. Talking about the markets....
> Closed at the highs of the day, which they say is
> usually worth a few points up to start the next day,
> but here we are again, struggling to overcome this
> very stiff resistance zone at 1179/82. Seems like
> market has been here several times during past few
> days, only to be rejected, back down a few points, back
> up again, and probably trying once more tomorrow
> to rally past this zone.
>
> Anyone has an opinion on this?
>
>
>
> --- Clyde Lee <clydelee@xxxxxxxxxx> wrote:
>
>> AND I THOUGHT THIS LIST WAS ABOUT
>> "REALTRADERS".
>>
>> POLITICAL DECISIONS MAY EFFECT WHAT
>> WE DO AS TRADERS BUT DISCUSSION OF
>> THE TYPES THAT HAVE BEEN OFFERED DO
>> LITTLE OR NOTHING TO GIVE ME AN IDEA
>> OF WHAT TO DO NEXT AND REALLY DISGUST
>> ME THAT WE HAVE TO GET HUNG UP IN
>> POLITICAL DISCUSSIONS.
>>
>> MODERATOR, WHERE ARE YOU ? ? ? ? ?
>>   ----- Original Message -----
>>   From: Norm Winski
>>   To: realtraders@xxxxxxxxxxxxxxx
>>   Sent: Monday, May 09, 2005 8:57 PM
>>   Subject: RE: [RT] Party of Bloat
>>
>>
>>   Howdy Ben,
>>
>>
>>
>
> http://www.JahajeeDesi.com
> Home of the Caribbean Indian Diaspora
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>
>
>
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