|
PureBytes Links
Trading Reference Links
|
See my recent post on "short burners".
Given the tremendous political power being exerted by the white house, any
significant declines should be temporary. Bush's new mantra is "keep this
market up".
With the current mid-east tinderbox and "goofy" economic statistics, I see
sideways action with short, sharp declines, followed by quick recovery
rallies.
This will keep option put sellers and stock/futures short sellers somewhat
terrorized for a while.
> -----Original Message-----
> From: EarlA [mailto:earl.a@xxxxxxxxxx]
> Sent: Saturday, December 07, 2002 7:17 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] SPX
>
>
> I'm looking for a decline into late December, however the depth is another
> matter. On a valuation basis, I have to go with targets at or below 600.
> However, I believe that policy intervention has been used very
> successfully
> to keep the markets from reaching their targets pre-election. Given the
> recent statements from the Fed regarding their intention to keep consumer
> spending afloat by driving down longer term rates and improve corporate
> profits by turning up inflation, I wonder just how realistic it is to look
> for such low numbers.
>
> Earl
>
> ----- Original Message -----
> From: "ira" <mr.ira@xxxxxxxxxxxxx>
> To: "REAL TRADERS" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, December 05, 2002 9:07 AM
> Subject: [RT] SPX
>
>
> This has been a good 200 point rally, but it has to break 970 in order to
> void the current down move. The rally came off of 765 support as
> it should.
> The target is still 565, unless 970 can be hit. If 765 doesn't
> hold on this
> trip down look for support in the area of 670. Good trading, Ira
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|