Re: [RT] esZ 60

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

On the 60 min chart which you posted I have support at 1224 and resistance at 1230.   On the longer term charts I have 1208 and 1194 as the next price objectives on the down side.   Neither one of these retracements will void the current up moves.  They should be traded as contra trend trades.  Price can drop almost 200 points and not void the long term up move.

 

So can you be bearish and make money?  Yes, but you had better know where you are at all times or things could get costly. . 

 

Once again, one mans opinion. Ira.

----- Original Message -----

From: ChasW

To: realtraders@xxxxxxxxxxxxxxx

Sent: Tuesday, September 20, 2005 2:21 PM

Subject: [RT] esZ 60

(trying to correlate Ira numbers with the pitchforks)

 

 Ira we tagged the 100% measured move at 1225.31

 

blew thru the 1231 target#1 of yours ,

now the 1211 is the only target#2 i remember

 

are there new levels presenting themselves?

 

chasw

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