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Re: [RT] The Market environment



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Actually, the last five rallies have held at 127% retracement.
 
Earl
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, December 03, 2003 10:23 
  AM
  Subject: Re: [RT] The Market 
  environment
  
  Just completed final third position of March 1150 Leap Puts. I don't 
  expect that there are more than a few points of gas left in this tank ... 
  perhaps a run to long term open targets clustering around 1078+- but not much 
  more. Look at last three rallies on daily chart and you will see that each 
  rally was contained at 127% retracement of previous decline.
   
  Earl
  <BLOCKQUOTE 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    EarlA 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx ; 
    <A title=canslim@xxxxxxxxxxxxxxxxxx 
    href="">canslim@xxxxxxxxxxxxxxxxxx 
    
    Sent: Friday, November 14, 2003 7:22 
    AM
    Subject: Re: [RT] The Market 
    environment
    
    I'm still looking for price to hit my long term cluster of 
    targets around 1078 and am working order to complete my put position. Market 
    never does what is expected, but my best guess is that we'll see a sharp 
    spike high during which SP futures inventory will move from weak bears to 
    strong bears. Market should then drop pretty sharply to something in range 
    of 50% retracement March-November.
     
    EarlTo 
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