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To: Shack who wrote (117508)4/25/2005 12:06:56 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
From the low on 4/20 SPX did a 3-3-5. Ideally it should stall here, but it may "decide" to subdivide. 1170-ish is the 62% retracement of the latest down leg... I suppose the correct step is to short more as - and if - it gets there. Becomes a money management play.



To: Shack who wrote (117508)4/25/2005 12:26:39 PM
From: Henry J Costanzo  Read Replies (2) | Respond to of 209892
 
SPX review.....Per my chart posted yesterday..the last word, of course (g)..can remain in (iv) up here until/unless we overlap 4/12 low 1171.22....



To: Shack who wrote (117508)4/25/2005 12:39:53 PM
From: illyia  Respond to of 209892
 
stockcharts.com[e,a]eellnyay[dc][p][vc60][iub14!la12,26,9!ll14!lc20!lp14,3,3][J49601098,Y]&pref=G



To: Shack who wrote (117508)4/25/2005 12:45:08 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
PS.....SPX today filled tiny gap left behind on 4/15.

Having fulfilled that obligation of the Prime Directive, it's now free to fall back...g



To: Shack who wrote (117508)4/25/2005 1:34:54 PM
From: skinowski  Respond to of 209892
 
I've put in stops and will decrease the exposure in case the market makes another swing up, but not bailing out completely. Time for bears to take a stand..... -g.