[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

RE: [RT] SPX

PureBytes Links

Trading Reference Links
Ira,
 
Nice to see some confirmation on 1356-3 area. We often see consolidation days which frustrate bulls and bears alike following a big move. Since I don't see much upside interest today, I suspect we will see a continuation down once the consolidation is finished. My only concern is a surprise Fed Funds cut could run upside stops before market discounts it and turns back down.
 
I am lightly and cautiously short the R2K which has been the weakest of the indexes.
 
Earl

From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ira
Sent: Wednesday, January 09, 2008 7:30 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] SPX

Earl:
 
Here is what the SOX looks like to me.  There is still downside pressure being applied to the daily chart and there is a target price at 1353 for this move down.  For a retracement of any magnitude to start price would have to go through 1440 and then the first price objective would be 1491.   There are two shorter cycles at work here that could come into play today because price is over extended.  One has an entry price at 1404 with a target price at 1451 and the other has an entry price at 1419 with a target price at 1507.  There are intermediate price objectives involved here, but this is the overall look at things.
----- Original Message -----
From: EAdamy
Sent: Wednesday, January 09, 2008 6:02 AM
Subject: [RT] SPX

See attached chart of SPX. 1374 and 1356+- are targets which stand out for me. Ultimately, I think we go considerably lower.
 
Earl
 

 
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of profitok@xxxxxxxxxxnet
Sent: Tuesday, January 08, 2008 7:17 PM
To: realtraders@yahoogroups.com
Subject: Re: [RT] SOLF

Hello
1381  is max pain
or 1391  on sp futures
close up 1405-1407
close  in 2-4 days   1450-1470
Ben

.

__._,_.___

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___