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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.62

-1.2%

Feb 5 4:00 PM EST

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To: Johnny Canuck who wrote (40909)	4/1/2004 10:56:33 PM
From: Johnny Canuck	Read Replies (1) of 70517

April 2, 2004 More of same... The indices rallied again today as the markets become more overbought. There is enormous snapback risk in the price now, but I did not see a level of resistance strong enough for me to get short in today's session. Waiting for resistance to be tested, or for a buyable pullback to emerge.

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