Re: [RT] tomorrow

["Joe Duffy" <keypoint@xxxxxxxxxxxx>]

In the short term the pattern the market is tracing out (inverse H&S on hourly) and the way it is trading is pretty bullish. Intraday today we had a sharp sell off that stopped at the .618 retrace and a=c in 3 wave correction. My feeling is the market is NOT long here and there are still enough reasons to get long to push it through the resistance and create a bit of a run. Even under a rising wedge scenario a blow out the top of the wedge thru 1325 in the SPM seems likely.

 

 

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

From: Ben

To: e-mini_traders_anon@xxxxxxxxxxxxxxx

Cc: realtraders@xxxxxxxxxxxxxxx

Sent: Wednesday, April 05, 2006 11:39 PM

Subject: [RT] tomorrow

would only go long on a buy stop at 1324.4

 

sell short at 1311.50

 

anywere in between is a no no land

 

(take the day off shopping or take the dog for a walk

 

we are making a serious top

 

initating a major short with buying  at open 4  june 1325 calls

and when we hiy 1224 would short 4 big contracts

---

No virus found in this outgoing message.
Checked by AVG Free Edition.
Version: 7.1.385 / Virus Database: 268.3.5/301 - Release Date: 4/4/2006

---

YAHOO! GROUPS LINKS

•  Visit your group "realtraders" on the web.
   
•  To unsubscribe from this group, send an email to:
   realtraders-unsubscribe@xxxxxxxxxxxxxxx
   
•  Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.

---