Hi Ben,
The ES? 1130 to 1140 in 3 to 4 days? I think
your red and green lines may get caught up in the brake pedal
of one of those Toyota/Lexus ES350's. Friday may
close no higher than 1100 to 1105, with a subsequent resistance level
at 1110. The market seems awfully skittish lately and unsure about
what's going to happen.
Where is Norman Winski when we really need him
and his prognostications? In the next 3 to 4
days,
I would be buying Puts.
Keep up the good work. Take care, Larry Z.
-----Original
Message-----
From: Ben <profitok@xxxxxxxxxx
net>
To: 'Ron' <ronmac17@xxxxxxcom>; realtraders@yahoogroups.com;
'Vince Donovan' <vince.donovan@comcast.net>
Cc: astrofin@xxxxxxxxxxs.com; 'Jerry Rubinstein' <gurubinstein@yahoo.com>
Sent: Wed, Feb 3, 2010 4:17 pm
Subject: [RT] sp500
Attach please find the
current reading of the market barometer
Dashed lines is barometer
Solid line is close of
sp500
Notice when we made the
low in price 1/29 the bullish divergence
In the market barometer
Also of note is when it
stays above price, it means the next move is up,
Also note the day before
yesterday it was overbought
(Above top horizontal
line)
And now oversold
Bottom horizontal line
It still suggests
1130-1140 in 2-4 buss days
Ben