Re: [RT] nyse/sp500

["EAdamy" <eadamy@xxxxxxxxxxxx>]

I suspect the blue one may nail it today. Any decline is possible given the elevated risk factors, however on the surface those deep ones look improbable.

 

Earl

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

From: Clyde Lee

To: realtraders@xxxxxxxxxxxxxxx

Sent: Monday, May 23, 2005 8:27 AM

Subject: Re: [RT] nyse/sp500

This is one view from SwingMachine using relatively short

distance between pivots.

 

Clyde

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

From: EAdamy

To: realtraders@xxxxxxxxxxxxxxx

Sent: Monday, May 23, 2005 8:30 AM

Subject: Re: [RT] nyse/sp500

NASDAQ has been relatively stronger than NYSE by many measures, however NYSE is still looking good on its own (see attached charts). Both are quite extended here but there should be more to upside. However, as I keep saying, risks are elevated, especially as viewed in credit spreads.

 

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

From: Ben

To: realtraders@xxxxxxxxxxxxxxx

Cc: e-mini_traders_anon@xxxxxxxxxxxxxxx

Sent: Sunday, May 22, 2005 9:51 PM

Subject: [RT] nyse/sp500

As the S&P and NASDAQ look promising, one has to wonder why the NYA Index that is heavily traded by Institutions is not making the same kind of movement.  Are Institutions behind this move or not?    Note that the index has not moved up to a recent new high level and remains in a trading range.  Also note that Friday's close was below its upper resistance line and this is divergent from what some of the other indexes are doing.

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