Re: [RT] S&P

[Ben <profitok@xxxxxxxxxxxxx>]

Hello Ira

 

the 2 most important warning sighs are:

a: new high new low  did not improve last 2 days with higher prices,

b: McClellan osc for issues and vol are showing bearish divergence,

As you know   , My belief  about taking profits is Very important,

this is why I called my 2 main indicators , one profit index and one long term trading,

Both  measure profits at different time frames,

my sell is cash close under 1212

p/c is still pointing higher, and so is volume,

set back  is just 2-3 days to 1180

then new highs,

Ben

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

From: mr.ira

To: real traders

Sent: Thursday, July 14, 2005 10:56 AM

Subject: [RT] S&P

This rally is over.  I don't know what is going to kill it, but today should be the last day with a retracement on Friday.  Let us see how that works out. 

 

I don't have a sell signal, just a warning that it is time to take profits.  Ringing the cash register is the name of the game.  Like a very wise old timer said, "  I will give someone else the first 10% and the last 10% as long as I can get that 80% in the middle".  The indication now is to take the 80% and sit back and wait for the next signal.

 

 

Ira.

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