Re: E-mini Trading

On Mon,  1 Dec 2003 13:31:52 -0600, "Mcav24" <[EMAIL PROTECTED]> wrote:
This sounds like techno babble, non-committal talk.  If the market is
going higher one should say:  The market will definitely go higher and
here is why!  If it is going lower it should be: the market is going
lower and here is why!  

Why does everyone beat around the bush and not say what they mean.
Instead of: If it gets here it could either reverse or it might test
the resistance at XXXX.XX and then if it close above THAT, then it is
REALLY going to go.  

I say we should all just take a stand and either we are right or we
are wrong and that is that.  And if we cannot be right 80% of the time
then we need to get out of the business of forecasting the future.

And that is what I have to say.

Good Day!

>
>The Technicals:
>- The short-term and intermediate trends are both higher.  A close above 1058.00 
>keeps both trends higher, with a close below 1053.75 moving the short-term trend 
>lower,and a close below 
>1052.00 moving the intermediate trend lower,
>
>Friday's trade produced an upside breakout from the previous days outside day set-up. 
> With the futures market trading higher this morning, 
>A continued move higher, and a test of the highs should be expected.
>
>
>The Long and the Short of it:
>
>The economic reports last week were favorable for the market, and early sentiment on 
>Holiday spending and travel expenses are very positive as well.  
>My Focus this week is on the week ending jobs reports, as I feel this is the last 
>piece of the puzzle.  
>Technically, the market appears ready to test new high levels, and with the market 
>showing sizable gains overnight, I would expect those highs to be tested today.  
>The market did not act very bullish at these levels the last time we were up here, so 
>use some caution when trading, in what should be a more volatile market.  
>I will hold off from selling until the R3 area is tested, and I will look to be a 
>buyer around the PP.
>
>