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 -----
Sent: Sunday, September 03, 2006 6:27
PM
Subject: RE: [RT] next week (corrected
GIF)
Wrong GIF.
Earl
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
