Re: [RT] next week (corrected GIF)

[profitok@xxxxxxxxxxxxx]

I am on vacation  but had little time to watch  the internals, new hi new lows are NOT  where they should be

anyone knows if  Mclullen on issues or volume is showing bearish divergence?

Ben

Subject: Re: [RT] next week (corrected GIF)

> Thank you Earl..Just hope they see your chart and turn downwards 
> because my price of 1314 has already been exceeded and the current 
> high is 1315:)) 
>  ----- Original Message ----- 
>  From: EAdamy 
>  To: realtraders@xxxxxxxxxxxxxxx 
>  Sent: Sunday, September 03, 2006 6:27 PM 
>  Subject: RE: [RT] next week (corrected GIF) 
> 
> 
>  Wrong GIF. Earl 
> 
> 
>    -----Original Message----- 
>    From: EAdamy [mailto:eadamy@xxxxxxxxxxxx] 
>    Sent: Sunday, September 03, 2006 4:23 PM 
>    To: realtraders@xxxxxxxxxxxxxxx 
>    Subject: RE: [RT] next week 
> 
> 
>    Kate, 
> 
>    This may or may not be the top and 1314 is a good number. The 
> 1317.50 is simply a greater confluence of resistance: 162% of the 
> 8/10 low, 162% of 8/23 low, 200% of 8/29 low, 62% expansion from 
> the 8/10 low (a fairly deep 50% retracement), and the trendline 
> across the highs. 
> 
>    When shorting against a rising market I simply like to see it 
> really extended. I may miss the entry however my risk is lower. Of 
> course one has to balance the risk of loss with the risk of not 
> making the entry. 
> 
>    Earl 
>   
> 
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