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Not to worry
tomorrow is the down
Ben
----- Original Message -----
From: "Rakesh Sahgal" <rakeshsahgal@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, May 26, 2005 11:46 PM
Subject: Re: [RT] Spx Daily
> --- EAdamy <eadamy@xxxxxxxxxxxx> wrote:
>
>> Interesting setup on daily. Note the two horizontal
>> red lines which mark the pivot points for Thrust
>> Reversals. Note that the confluence of the 162%
>> expansion and the 86% retracement at the same price
>> levels. Price has clearly broken through and
>> retested the dark gray LT trendline suggesting price
>> will move higher. The expected correction has yet to
>> materialize and breadth models have yet to budge
>> from overbought levels even as price is dealing with
>> resistance. There is a reversal in here somewhere
>> but the question is where.
>>
>> Earl
>
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