RE: [RT] near a bottom

["EAdamy" <eadamy@xxxxxxxxxxxx>]

I have enough signs that the down trend is long in tooth that I'm looking for the SnP to reverse once it closes that gap at 1429.44 which appears to be acting as a magnet. I put on an SnP short near this morning's highs and will be very quick to cover near that gap.

 

Earl

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From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Jim White
Sent: Tuesday, December 18, 2007 10:30 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] near a bottom

We are nearing a bottom in all major indices - in fact the Russell (IWM) and NASDAQ (QQQQ) have reached the level to expect a reversal. The dow level is 12953 (DIA = 130) and S&P level 1426 (SPY = 143). Expect NAZ and Russell to lead.

Jim White
Pivot Research & Trading Co.
PivotTrader.com

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