Re: [RT] The Market environment

["EarlA" <earl.a@xxxxxxxxxx>]

Weekly chart attached.
 
Earl
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  EarlA 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Tuesday, December 23, 2003 8:21 
  AM
  Subject: Re: [RT] The Market 
  environment
  
  127% retracement did not hold ... the market appears to be going 
  parabolic and seasonals are kicking in to boot. My next set of SPX 
  targets are in 1060-75 area. I took my lumps last week and closed 
  out all of my shorts, also trimmed back on investment risk generally ... 
  equities, commodities, and foreign currencies all extremely extended 
  and bonds appear at intermediate term risk from inflation. I am lightly 
  trading long side of emini but will not carry through closed globex markets. 
  Currently sitting on largest cash position I've had since March.
   
  Earl




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