----- Original Message -----
Sent: Thursday, July 14, 2005 8:12
AM
Subject: Re: [RT] S&P
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 -----
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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