----- Original Message ----- 
Sent: Thursday, September 08, 2005 2:52 PM
Subject: Emini Russell
 
This is clear enough for me.  There was gross divergence in volume and 
price today at the high as the emini russell tagged the upper Keltner 
band.  Soon the PGtrend Osc made a breakdown and the AB fell to the lower 
value area level and now it is in the retest mode to make sure it is a 
sell.  
 
The ES is forming a doji on daily bars, it is still above the Value area, 
but is testing the developing va low.  The Chande mkt thrust osc is 
bearish.
 
The BTick is neutral.  See chart for commentary.
 
So, bottomline, things are beginning to crack, but the sellers are not out 
in force yet.