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Perhaps buy the rumor, sell the news
and buy weakness, sell strength
and buy low, sell high
is really buy fear, sell greed
or is it buy greed, sell fear?
All the Best in the last year of the millenium
Michael
----- Original Message -----
From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, December 22, 1999 05:00
Subject: [RT] Re: Crash Index at minus 10 Reading
| I second that: Any momentum divergence is to viewed suspiciously at years
end
| due to window dressing: especially this year when so few stocks belong to
the
| big winners list, the moves are really exacerbated. It might all end in
the
| next few days though.
|
| Gwenn
|
|
| ROBERT ROESKE wrote:
|
| > You want a divergence indication? Look at the end of day net cumulative
| > volume of the NYSE versus the INDU. Generally the stock index follows
the
| > net cumulative volume, but at year end we have the sell the loser
mentality
| > that has created quite a divergence. Cumulative volume is quite a ways
| > below its 200 day MA and the RSIs are quite divergent. Any other time
of
| > the year you might expect a crash, but this time of year it just looks
like
| > housecleaning.
| >
| > BR
| >
| > ----- Original Message -----
| > From: Brent <brente@xxxxxxxxxxxx>
| > To: <realtraders@xxxxxxxxxxxxxxx>
| > Sent: Tuesday, December 21, 1999 8:58 AM
| > Subject: [RT] Re: Crash Index at minus 10 Reading
| >
| > > Regarding this crash business, have any of you looked at a monthly
chart
| > of
| > > ths S&P with a divergence indicator on it?
| > >
| > > Brent
| > >
| > >
| > >
| >
|
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| > Name: EODCV.gif
| > EODCV.gif Type: GIF Image (image/gif)
| > Encoding: base64
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