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Today's lows in the EZ Z were an intra day target
on the 60 min chart. There should be support here and a retracement
or at least some horizontal price action at this level. At that point one
can see which trade is next, the up move or the down move. If the EP for
the retracement is hit, price could carry to 1239. One should take note
that you are in the up trade until 1185 is taken out.
IF the greater pain theory is to work at this
expiration then the SPX will go out at 1225,
Just some idle thoughts. Ira.
----- Original Message -----
Sent: Wednesday, September 14, 2005 2:11
PM
Subject: [RT] ESZ 15 min
1. The SP cash is thumping up
against the 62% retrace of the 2000 highs. some
nice targets if it gets thru
MA then bottom of the wedge is support @ 1201-07,
else the old Median Line around 1120
2. seem to have expended a good
bit of energy opn the 15 min ESZ
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