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Re: [RT] mkt outlook



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this was a reply to a message from Ben about NOVL.  Today was a follow up message about the same stock.
----- Original Message -----
Sent: Friday, January 06, 2006 7:47 AM
Subject: Re: [RT] mkt outlook

Ira:
 
Please identify which index, commodity or stock you are referencing in your email of 1/5/06.
 
There is a retracement of the down move going on here.  I have a target price at 8.85 for the up move with resistance in this area.  You will need at least an 11 cent drop from the current high of 8.81 to re-enter the short.  So take 11 cents off of each progressive new high and that should be it.  That should give a drop to a target price of 8.35+/-.  There are intermediate support areas along the way.  Good luck with the short if you take it.  Ira.
 
Thank you,
 
Bob Schoeffler
RJS1948@xxxxxxx


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