Re: [RT] next week (corrected GIF), RealTraders Email List Archive

Ron,

I've posted two messages since 12:42. The first noting that both Thrust Reversals had been triggered and a reply to Kate. Neither have appeared an hour later. Yes, I think the odds favor a good move down. Still no guarantee that the top is in however.

Earl

-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com]On Behalf Of Ron Cernokus
Sent: Wednesday, September 06, 2006 1:17 PM
To: realtraders@yahoogroups.com
Subject: Re: [RT] next week (corrected GIF)

Earl,

So it looks like we are started down now on a move that should last at least a few days? Is that how you see it? Thanks.

Ron

----- Original Message -----

From: EAdamy

To: realtraders@yahoogroups.com

Sent: Wednesday, September 06, 2006 9:35 AM

Subject: RE: [RT] next week (corrected GIF)

Potential Thrust Reversal on ND100 emini today at 1582. Now we have two numbers to watch if we get a sharp decline today.

Earl

-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com]On Behalf Of EAdamy
Sent: Wednesday, September 06, 2006 6:51 AM
To: realtraders@yahoogroups.com
Subject: RE: [RT] next week (corrected GIF)

Potential Thrust Reversal in emini today requires a break of the 9/1 up thrust low at 1304.75. There have been 2 prior Thrust Reversals in the September contract:

5/11 when the up thrust low at 1327.25 was violated. That lead to an 84 handle decline over 10 days from the 1341.50 high on the reversal day.
6/5 when the up thrust low at 1277.25 was violated. That started the second leg of the 5/11 decline leading to a 70 handle decline over 8 days.

If the TR is not signaled today, odds increase for a higher high during the next week or two.

Earl