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----- Original Message -----
Sent: Wednesday, April 29, 2009 12:23 PM
Subject: Re: [TimeandCycles] Gap Higher at Open
Hello
top is regression line with 2 standard deviation
bottom is my long term trading on the 78 min candles
if this candle close down, the long term trading will sound the official
sell
(this is short term)
must be confirmed on larger time frame
Ben
----- Original Message ----- From:
james pilliod
Date: Wednesday, April 29,
2009 6:52 am
Subject: [TimeandCycles] Gap Higher at Open
To: T&C Swing
Trading
> Pre-open, SP500 futures on
Globex are up strongly, suggesting an
> upside Gap on the open, with
perhaps 865 SP500 cash on the open.
> During the trading day, IF we
manage to manage to exceed the
> 875 level (875.63 High of April 17th)
then shorts likely will be
> squeezed as they are forced to cover.
Therefore, we have a shot
> at a very nice upside day. Market has been
resilient past few
> days when it had every opportunity to decline (swine
flu, banks,
> etc) and it did not.
>
> An indicator
suggesting potential low in place as of yesterday
>
close,...Intraday Cummulative Tick:
>
>
>
>
> Interesting that the T&C main board is very quiet this
>
morning,..only a handful of posts since last night. Is this a
>
reflection of a predominately bearish bias on the board?
>
>
Regards, Jim P.
>
>
>
>
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