RE: RE: [RT] near a bottom

["EAdamy" <eadamy@xxxxxxxxxxxx>]

Closed out my long R2K at 760.10. Very strong performance today including an outside reversal, however the other major indexes lagged percentage-wise and closed off their highs. Breadth was ok but not overwhelming. Profits on long side have been hard to come by so decided to bank what I had and see what charts and breadth models look like tonight.

 

If this is the beginning of a Christmas rally, we could see 1600. If we get anywhere close, my primary objective will be to re-establish shorts at higher levels.

 

Earl

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From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of EAdamy
Sent: Tuesday, December 18, 2007 12:08 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: RE: RE: [RT] near a bottom

Covered short SnP at 1453 and went long the R2K at 749 with a tight leash. Gave up some profit when SnP didn't close the gap but that's life. I'll have to see how breadth looks at end of day (if I don't get stopped out) before deciding on whether to hold or fold.

 

Earl

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From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of profitok@xxxxxxxxxxnet
Sent: Tuesday, December 18, 2007 11:39 AM
To: realtraders@yahoogroups.com
Subject: Re: RE: [RT] near a bottom

hello earl

I went long at  1450

bought the  1445  put for jan

will sell my long  tomorrow at  1465-1475

and

enter my shorts

Ben

----- Original Message -----
From: EAdamy
Date: Tuesday, December 18, 2007 12:39 pm
Subject: RE: [RT] near a bottom
To: realtraders@yahoogroups.com

> 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
>
> _____
>
> From: realtraders@yahoogroups.com
> [mailto:realtraders@yahoogroups.com] On
> Behalf Of Jim White
> Sent: Tuesday, December 18, 2007 10:30 AM
> To: realtraders@yahoogroups.com
> 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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