Re: [RT] next week (corrected GIF)

["Clyde Lee" <clydelee@xxxxxxxxxx>]

The attached Sq9 picture is looking for reversal as of yesterday

 

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Clyde Lee                 phone: 713.783.9540
SYTECH Corporation
7910 Westglen, Suite 105
Houston, TX  77063     fax: 713.783.1092
WebSite:       www.theswingmachine.com
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----- Original Message -----

From: EAdamy

To: realtraders@xxxxxxxxxxxxxxx

Sent: Wednesday, September 06, 2006 07:50 AM

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

Potential Thrust Reversal in emini today requires a break of the 9/1 up thrust low at 1304.75. There have been 2 prior Thrust Reversals in the September contract:

• 5/11 when the up thrust low at 1327.25 was violated. That lead to an 84 handle decline over 10 days from the 1341.50 high on the reversal day.
• 6/5 when the up thrust low at 1277.25 was violated. That started the second leg of the 5/11 decline leading to a 70 handle decline over 8 days. 

If the TR is not signaled today, odds increase for a higher high during the next week or two.

 

Earl

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