----- 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.