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I guess by now we DID take out last 2 days low
now if we take out last week low then REAL trouble
Ben
----- Original Message -----
From: "Steve Walker" <steve@xxxxxxxxxxxxxxx>
To: <profitok@xxxxxxxxxxxxx>; <wheelsinthesky@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 26, 2002 8:46 AM
Subject: [RT] Re: [wheelsinthesky] RE: S&P/Nasdaq
> The two day range on the cash SPX has narrowed to 22.71 points. This is
> extremely narrow range. Last time it was this narrow was September 11,
> 2001 and the market put in a swing high. Contraction break outs can go
> either way but I favor a move down from here.
>
> >>> profitok@xxxxxxxxxxxxx 11/25/02 05:43PM >>>
> Hello
> We could make a higher high tomorrow on both NASDAQ and sp500
> the statistical probability says a close up in sp is only 12%
> and an up close on NASDAQ has only a 7% chance,,
> this is NOT to say that by 12/4/02 we have 955-965 and NASDAQ
> 1500-1575
> it is saying we take rest to gather steam to run higher,,
> we ALSO took out Fri. low
> if we take tomorrow Thursday low then the probability increase for a
> lower close
> Ben
> ----- Original Message -----
> From: Access Restricted
> To: wheelsinthesky@xxxxxxxxxxxxxxx
> Sent: Monday, November 25, 2002 1:46 PM
> Subject: [wheelsinthesky] RE: S&P/Nasdaq
>
>
> We are entering an uptrend based on a seasonal cycle that won't
> conclude until the 1st week in December. Setting sail for higher
> highs after SPX found support at 923.31 today.
>
>
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