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we Failed today to come back above previous
highs,,
and we did take out last week lows yesterday,,
I suspect sp is dead in the water and will not make a higher
high,,
the NASDAQ is a DIFFERENT story,,
it Will make a higher high and fail (not
tomorrow)
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=delta88343@xxxxxxx
href="mailto:delta88343@xxxxxxx";>delta88343@xxxxxxx
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, October 30, 2002 9:19
PM
Subject: [RT] SP 10-30
<FONT lang=0 face=Arial size=2
FAMILY="SANSSERIF">The market seems to be having some difficulty moving
down to the next projected low at this time...though it's not due for another
full week plus.If the most recent medium term low (larger
circle) actually did hit on the left side of its point date, this will be a
sign of strength. Unless some outside force is really exerted on this market,
I don't see it dropping at this time in the vicinity of the mid October
low.We may be seeing a simple and weak "reaction" to the pending
intermediate term low, especially if the medium term low was made-early mid
Oct. then a continuation of the move to the next intermediate and medium term
highs projected end of Nov.However, there is still plenty of time for
this market to roll to some degree to the downside. Anyone else
have an opinion of what is happening? To
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