AI
Tuesday, February 25, 2003 8:32:30 AM
Morning Bernard,
The overnight Futures trailed off below 830 and finally held support at 822. That triggered a bounce the is currently hitting resistance at 827. If 824 can hold support then we could see another retest of the resistance. I will be watching 832-30 to see if it will continue to hold resistance. A move back above that level might just put us back on top of the SMAs and possible setup for another test of the 320SMA, maybe. Staying below the SMAs should keep us holding Puts IMO.
http://finance.lycos.com/home/livecharts/default.asp?symbols=CME%3AES03h
Good Luck Bernard! :^)
The overnight Futures trailed off below 830 and finally held support at 822. That triggered a bounce the is currently hitting resistance at 827. If 824 can hold support then we could see another retest of the resistance. I will be watching 832-30 to see if it will continue to hold resistance. A move back above that level might just put us back on top of the SMAs and possible setup for another test of the 320SMA, maybe. Staying below the SMAs should keep us holding Puts IMO.
http://finance.lycos.com/home/livecharts/default.asp?symbols=CME%3AES03h
Good Luck Bernard! :^)
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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