RE: [RT] RE: RT Beige book

["EAdamy" <eadamy@xxxxxxxxxxxx>]

Sue,

 

15 minute: SP emini on top, ND emini on bottom, NYSE and NASDAQ A/D volume on right. Vertical blue lines are Fib time and it is just about at the 62% time retracement of the decline which, combined with slightly positive A/D volume, means the bears are having trouble taking it down.

 

Earl

 

 

-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of sue crew
Sent: Friday, September 08, 2006 8:16 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] RE: RT Beige book

Earl what is happening with this -.I dont have access

 

cheers

sue

----- Original Message -----

From: EAdamy

To: realtraders@yahoogroups.com

Sent: Friday, September 08, 2006 11:31 PM

Subject: RE: [RT] RE: RT Beige book

Attached 60 minute chart shows something which always tickles my gut when it happens. They took the ES (Dec) down within 4 ticks of the pivot low where the retracement tool is sitting (at 1303) and held it. This is frequently the first tip-off that a reversal may be in store. I will be out quickly if price does not follow through to the downside quickly.

 

Earl

 

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