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Re: [RT] Market condition



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So far, it has paid handsomely to hold on while gritting one's teeth on the 
up days, especially in the ND 100. I suspect a break of support here is going to 
get rather nasty ... 1075-1027 in the SP and 1300-1316 in the ND. So far they 
are holding a few ticks above recent lows and if they can hold those ticks, they 
can rally it, but if they break, targets should be hit quickly.
 
Earl
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  mr.ira 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, May 12, 2004 8:42 
  AM
  Subject: Re: [RT] Market condition
  
  So far this scenario is holding up. 1075 could 
  act as temporary support at this time with the target of this move down 
  at around 1050. Other support level is about 1060.  If 1058 is hit 
  then there is a high probability of price going to 960.  The bear 
  projection is still in force and 1188 is still the upside target.  
  
   
  All of these forces acting, one inside the 
  other.  Here comes the magic trick again. 
   
  Good trading.  Ira.







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