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Strategies & Market Trends : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?

To: Stock2006 who wrote (6590)	5/2/2005 11:51:27 AM
From: cthruu	Respond to of 7682

Sure, bud. Welcome to this thread and to SI. Since you have just joined the board, I assume you are not aware of discussions we have had before. We have discussed your precise question and answer in the past. Yours was my argument during the 2003-2004 market. Here is today's SP ttrader.com\'s%20charts&id=879&d=2 We have been talking about strong resistance in 1160-1163 zone. You want to buy, where will your stop be? I almost guarantee a loss if you go long here. Do you want to short? you have better chances. If SP closes lower today, it will be a 9th consecutive day of reversal. I am not smart enough to trade this market. I have grown a little wiser and older. Again, welcome :)