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Hi Traders,
My up chennel touches 1322.50 to 1324.75.It should get there before switch to dec contract.Thx
rashid
>From: EAdamy <eadamy@xxxxxxxxxxxx>
>Date: 2006/09/04 Mon PM 05:27:17 CDT
>To: realtraders@xxxxxxxxxxxxxxx
>Subject: RE: [RT] next week (corrected GIF)
>
>Short order faded 1317.50 by 3 ticks and filled at 1316.75. We'll see how it goes. Earl -----Original Message-----
>From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of ketayun
>Sent: Monday, September 04, 2006 4:33 AM
>To: realtraders@xxxxxxxxxxxxxxx
>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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