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Re: [RT] Beige book



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Ditto to this message Earl.

Chas



On Thu, 07 Sep 2006 08:41:34 -0400
  ketayun <ketayun@xxxxxxxxxxxxx> wrote:
> Earl,
> 
> Thank you very much for explaining your trades.
> 
> Kate
>  ----- Original Message ----- 
>  From: EAdamy 
>  To: realtraders@xxxxxxxxxxxxxxx 
>  Sent: Thursday, September 07, 2006 8:21 AM
>  Subject: RE: [RT] Beige book
> 
> 
>  Closed out at 1298.50 for 18.25 handles. This was 
>driven by need to roll into December and hitting 
>confluence of possible support at 1298 (gray trendline 
>and 162% retracement). This is where it gets tricky. It 
>will be easy to re-enter short on a bounce but I hate 
>entering on downside breaks.
> 
>  Earl
> 
>    -----Original Message-----
>    From: realtraders@xxxxxxxxxxxxxxx 
>[mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of EAdamy
>    Sent: Wednesday, September 06, 2006 2:23 PM
>    To: realtraders@xxxxxxxxxxxxxxx
>    Subject: RE: [RT] Beige book
> 
> 
> 
>    Here's a 120 minute chart with gray trendline (drawn 
>using the daily) and the retracement tool applied from 
>the 1304.50 low to the pivot high. Support clustered at 
>the 127% retracement however better support at confluence 
>of the 162% and the trendline. 
> 
> 
> 
>    Earl
> 
>      -----Original Message-----
>      From: realtraders@xxxxxxxxxxxxxxx 
>[mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of ketayun
>      Sent: Wednesday, September 06, 2006 1:40 PM
>      To: realtraders@xxxxxxxxxxxxxxx
>      Subject: Re: [RT] Beige book
> 
> 
> 
>      Earl, please would you post a chart? I see the 
>trendline but the 162 % retracement?
> 
>      Thanks.  
>        ----- Original Message ----- 
>        From: EAdamy 
>        To: realtraders@xxxxxxxxxxxxxxx 
>        Sent: Wednesday, September 06, 2006 3:09 PM
>        Subject: RE: [RT] Beige book
> 
> 
>        Ignore the Beige Book, market appears headed 
>down. Initial support for SP emini is in 1298 area at 
>confluence of 162% retracement and trendline from 7/18 
>low. 1294.50 not likely today but that would be a weekly 
>Thrust Reversal ... even more bearish.
> 
>        Earl
> 
>          -----Original Message-----
>          From: realtraders@xxxxxxxxxxxxxxx 
>[mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of ketayun
>          Sent: Wednesday, September 06, 2006 11:31 AM
>          To: Realtraders@xxxxxxxxxxxx Com
>          Subject: [RT] Beige book
> 
> 
> 
>          Any prognosis?
> 
> 
> 
>   



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