hello Ira
thanks for your input,
over the week end i was also convinced we will
get to 1440-1460 before going down,
but,
now i think we get there after we
visit 1360-1365
and
made tons on your CL short
recomendation
enter a week ago at 114 and added 2 more at
113
bought to cover at 110.69
problem is re enter short too early
have a great week
Ben
----- Original Message -----
Sent: Monday, May 05, 2008 7:23
PM
Subject: Re: [RT] follow up sp500
Ben:
I have price reaching the second price
objective for the move up. It is acting as resistance as it
should. The target for this move higher, a retracement, is 1456.
For price to start a major move down it would have to go through 1355 and
than the first price objective would be 1289. There is major
divergence at the high and now there is downside pressure being place on
price. The divergence indicates that the interior of this index is far
weaker than price indicates.
Just one man's opinion.
----- Original Message -----
Sent: Monday, May 05, 2008 4:13
PM
Subject: [RT] follow up sp500
Here is the vince indicator bottom
chart
top chart is the sp500
notice the bearish divergence,
its now on for over 5 days
p,s
you most likely get a gift tomorrow, to get
out of longs ,and enter shorts, at about
1409-1411
Ben
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