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Look at the confluence on 39 minute chart of the 62% retracement of the
decline and the 100% ABC expansion of the first rally off the low all coming
together at 1216+-. This was a good place to take profits and look for
possible entry on retracement.
Earl
----- Original Message -----
From: "Randall Kurzon" <rkurzon@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 17, 2001 11:59 AM
Subject: Re: [RT] Intra-day market activity
> Well we sure seem to be hitting overhead resistance. One of my proprietary
> oscillators says this move up will take a little break now- we'll see. I
> show the next major resistance level at about 1220 and then at around
1225,
> Friday's high. Anyone see a particular reason we should be stalling out
here
> (1214-15)?
>
> Randall
>
>
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