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Re: [RT] tomorrow

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this possibly be true
 
this is why my max loss is only 4 sp points on this position trade
(since the short is at 1224 and i have the 1225 june calls)
if we close above 1230, i will close my short futures and sell my calls
----- Original Message -----
From: Joe Duffy
Sent: Thursday, April 06, 2006 4:01 PM
Subject: Re: [RT] tomorrow

In the short term the pattern the market is tracing out (inverse H&S on hourly) and the way it is trading is pretty bullish. Intraday today we had a sharp sell off that stopped at the .618 retrace and a=c in 3 wave correction. My feeling is the market is NOT long here and there are still enough reasons to get long to push it through the resistance and create a bit of a run. Even under a rising wedge scenario a blow out the top of the wedge thru 1325 in the SPM seems likely.
 
 
----- Original Message -----
From: Ben
Sent: Wednesday, April 05, 2006 11:39 PM
Subject: [RT] tomorrow

would only go long on a buy stop at 1324.4
 
sell short at 1311.50
 
anywere in between is a no no land
 
(take the day off shopping or take the dog for a walk
 
we are making a serious top
 
initating a major short with buying  at open 4  june 1325 calls
and when we hiy 1224 would short 4 big contracts

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