Re: [RT] Fw: Hi

["Ira" <mr.ira@xxxxxxxxxxxxx>]

I look for a retracement here.  I do not have a sell signal for a down move as yet and there are a couple of price objectives above here.  Until those moves are voided we are not going down very far.  Now with the INDU you could have an 800 point drop and still be in an up move.  It all depends on your time frame, risk tolerance and your desire to use shorts for additional profit. 

 

If 606 holds on the OEX, and it doesn't look like it should,  you can look for resistance at price objectives 612, 615 and 620.  These are all very short time frame price objectives.  Current support levels should be at 595 and 580.

 

I haven't been following this for a while.

 

Once again, just one man's opinion. Ira.  

 

 

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

From: Joe Duffy

To: realtraders@xxxxxxxxxxxxxxx

Sent: Tuesday, September 19, 2006 9:46 AM

Subject: Re: [RT] Fw: Hi

Always interested in what those levels might be Ira if you care to share.... are you on side for Ben's forecast (looking good today) of an intermediate top here in stock indices? Thanks!

 

 

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

From: Ira

To: realtraders@yahoogroups.com

Sent: Tuesday, September 19, 2006 12:03 PM

Subject: [RT] Fw: Hi

Here is an e-mail  I received this morning.  I deleted the personal information, but thought that it might be of interest to those who say all the predictions come after the fact.  Currently there are other support and resistance areas or what I call Price Objectives.

 

Good trading.   Ira.

 

 

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

Sent: Tuesday, September 19, 2006 6:01 AM

Subject: Re: Hi

 

I was thinking about you the other day. I was reviewing my OEX chart and it had a note on it about comment you made on 8/27/05 that the 610 area was important resistance and 540 area important support.

 

Here we are at 610 after your support area held almost to the tick. .

 

Be well,

 

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