Re: [RT] Market condition

["mr.ira" <mr.ira@xxxxxxxxxxxxx>]

I don't know if it was news as I don't read the 
news.  Everything was overextended as it reached one of my price objectives 
and I expected a bounce.   It could be the shorts covering their a-ses 
before the numbers tomorrow. 
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Norman 
  Winski 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, May 12, 2004 1:19 
  PM
  Subject: Re: [RT] Market condition
  
  Ira,
   
  So, is this decline over?
   Anyone have a clue why the market bottomed 
  at just before 2 PM EDT? News?
   
  Regards,
   
  N
  <BLOCKQUOTE dir=ltr 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    mr.ira 
    
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Wednesday, May 12, 2004 4:03 
    PM
    Subject: Re: [RT] Market 
condition
    
    Well!  1075 did hold as support levels 
    should. 
    <BLOCKQUOTE 
    >
      ----- Original Message ----- 
      <DIV 
      >From: 
      <A title=mr.ira@xxxxxxxxxxxxx 
      href="">mr.ira 
      To: <A 
      title=realtraders@xxxxxxxxxxxxxxx 
      href="">realtraders@xxxxxxxxxxxxxxx 
      
      Sent: Wednesday, May 12, 2004 7:42 
      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.
      <BLOCKQUOTE 
      >
        ----- Original Message ----- 
        <DIV 
        >From: 
        <A title=mr.ira@xxxxxxxxxxxxx 
        href="">mr.ira@xxxxxxxxxxxxx 
        To: <A 
        title=realtraders@xxxxxxxxxxxxxxx 
        href="">realtraders@xxxxxxxxxxxxxxx 
        
        Sent: Thursday, January 15, 2004 
        10:07 AM
        Subject: Re: [RT] Market 
        condition
        
        The 1175 noted below should have been 
        1075.  I believe that was corrected in a previous post.  We 
        are now at the 1130 area.  There should be resistance in this 
        area.  Either a retracement of this move up or consolidation.  
        Next upside projection is 1188 +/-.  Price is also approaching that 
        price level that will void the bear projection of 560.  
        Ira
        <BLOCKQUOTE 
        >
          ----- Original Message ----- 
          <DIV 
          >From: 
          <A title=mr.ira@xxxxxxxxxxxxx 
          href="">mr.ira@xxxxxxxxxxxxx 
          To: <A 
          title=realtraders@xxxxxxxxxxxxxxx 
          href="">real traders 
          Sent: Sunday, December 14, 2003 
          8:32 AM
          Subject: [RT] Market 
          condition
          
          I have been reading a lot of opinions on 
          the market and no definitive parameters.   Here is what I 
          see on my charts.  I am using the S&P Index as that appears 
          to be the focus of most of the group.  
           
          We are in a bear market until 1180 is 
          taken out.  Until that time the probability of a 560 low still 
          exits.  If the 1175 resistance area holds the next move down has 
          a slight probability of forming a double bottom at about 790.  If 
          1175 resistance doesn't hold the next major resistance appears to be 
          1130.  
           
          The next market low should appear about 
          1-15.  Whether that low is above or below this point time will 
          tell.   There is nothing that says lower at this 
          time.  My next upside target on a shorter time frame would be 
          about 1092.  At this time 1050 would have to be taken out before 
          any significant down move could take place. If your time frame is 
          really short look for resistance at 1076 and then at 1080.  
          
           
          Bull or bear is strictly dependant upon 
          your frame of reference.  Can you make money being long in a down 
          market?  Yes.  Can you make money being short in an up 
          market?  Yes.  One just has to know when to put on a 
          position and when to exit a position.  
           
          Now that my neck is hanging way out, let 
          us see what happens.   Hope that your week ends are going 
          well and good trading in the coming week, 
          IraTo unsubscribe from this group, send an 
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