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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (663039)	11/29/2004 2:58:10 PM
From: Hope Praytochange	Read Replies (2) \| Respond to of 769670

Trading Plan 11/29: A bullish morning led to a brisk afternoon sell-off in the equity indexes on Friday while the bond was stuck in a 8 tick range the entire day. A poor close in the S&P on Friday suggests further weakness today and if so creates the beginnings of a negative pivot with a lower high on Friday relative to that on the 17th of November. Trading below Fridays low in the S&P and I will be short selling as long as the new lower .382 maintains resistance. The Dow continues to maintain lower relative strength when compared to either the S&P or Nasdaq and therefore may be our best horse to the short side. Although unlikely, a gap up above Fridays high and I will be working the short side looking for negative momentum on the daily bars as my minimum profit target in the S&P. Should Fridays low remain intact I will be buying as long as the upper .382 of the current Fib grid below remains intact and support continues. The bond is left dangling and selling in equities may prompt a rally to fill Fridays gap in the bond as shown below. We have a busy week of important economic announcements including the monthly employment report on Friday so be sure to check the link at the bottom of the chart.