Re: [RT] Can the Market Avoid Another Monday Slump?

[Ben <profitok@xxxxxxxxxxxxx>]

to an intra day high of 900

then

down

830

during week

we could visit 800-815

weekly close  plus 40-plus60

Ben

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

From: Jeff

To: realtraders@xxxxxxxxxxxxxxx

Sent: Saturday, December 06, 2008 9:10 PM

Subject: RE: [RT] Can the Market Avoid Another Monday Slump?

On your 15-min S&P, we got an inverse H&S pattern and a bullish Gartley 222 harmonic pattern (starting point 11/21/2008).  The bulls should be in control now?

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From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Pete Lieber
Sent: Saturday, December 06, 2008 10:23 PM
To: realtraders@yahoogroups.com
Subject: [RT] Can the Market Avoid Another Monday Slump?

As evidenced by the first chart, SP500 15-minute, the past three Monday's have not been kind to the market.  In each instance the market has rallied to the 896-917 level and has fallen away.  The second chart, SP-500 5-minute, provides a close-up view of the first level of resistance ? last Friday?s (11/28) closing bar, weekly-high of 895.76.  As you can see, this week?s closing bar also provides the high of the week  (879.22).

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