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Re: [RT] extract from market volume



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Earl,
Let me be the first to say, nice timing & trading!
Don Ewers
 
----- Original Message -----
From: EAdamy
Sent: Tuesday, March 06, 2007 9:42 AM
Subject: RE: [RT] extract from market volume

No hedges. I have been short from 1463.50. Covered half last night at 1377 and rolled half into June contract. I have orders working to restore full short position (or more) at SPX levels mentioned below. I have a couple of scenarios depending on depth of retracement in this rally; however I fully expect a minimum of another leg down into 1315-25 area before a correction (if that's what this is) is complete. That said, I expect we will get more than a correction (at least 1200) but I don't have to decide on that now.
 
Earl
 
-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com]On Behalf Of Rakesh Kumaar Sahgal
Sent: Tuesday, March 06, 2007 8:30 AM
To: realtraders@yahoogroups.com
Subject: Re: [RT] extract from market volume

Hi Earl,


[1] Will you prefer to hedge the positions as you open them or will you take on un-hedged  positions and let the stops execute as each level is violated and then re-enter at the next level?

[2] If per chance the market retraces to the 1430-1455 band on the SPX cash will you take that as a signal of the prior uptrend resuming?


Regards


Rakesh


----- Original Message ----
From: EAdamy <eadamy@xxxxxxxxxcom>
To: realtraders@yahoogroups.com
Sent: Tuesday, March 6, 2007 8:17:35 PM
Subject: RE: [RT] extract from market volume

SPX hit the widely watched 200 dma at 1373.99 with 38% retrace of rally from July low at 1371 ... should do it on the downside for now. I have resistance at 1407, 1417, and 1428 which should be good places to restore shorts for next leg down.
 
Earl
 
-----Original Message-----
From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com]On Behalf Of Ben
Sent: Monday, March 05, 2007 9:34 PM
To: ntt-list@xxxxxxxxxxs.com; realtraders@yahoogroups.com
Cc: vincent; panda2222@xxxxxxxxx.net
Subject: [RT] extract from market volume

Short Term (lasts a few hours to a few days): As it keeps pushing lower, the market continues to accumulate more and more buying volume, which should soon serve to produce a more sustainable short-term bounce than the ones we have been seeing on an intraday basis (most of which were sold off). 5-day charts show the surplus of buying volume that has been building up during most sessions since February 26. 30-day charts of the NASDAQ 100, the S&P 500, and the Dow give a broader perspective of the strong sell-off the market has been seeing, and to what extent the major indexes have accumulated buying volume (in green on the SBV oscillator pane) during this time.

Keep in mind that the market - because it is now in a mid-term downtrend - will tend to show stronger downside reactions to even comparatively modest amounts of selling volume. In other words, for a sustainable recovery, a significant amount of buying volume will be required.

In summary: The risk remains for moderately lower levels on the major indexes, but the increasing amounts of buying volume that have built up should soon prompt a short-term bounce within the new mid-term downtrend (see Market Stage).




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