Re: [RT] Re: chart formations

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

Of the tradeable instruments, which do you believe 
are the least affected by arbitrage, exercising etc. that a newbie could trade 
with lower risk?
 
BobR
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Dom 
  Perrino 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx 
  Sent: Sunday, October 15, 2000 6:58 
  AM
  Subject: [RT] Re: chart formations 
  
  We now are at a critical point in the 
  market.Since I was out most of the week, I spent some time reading the 
  postings. One post reminded me of an old saying I used to use when 
  someone was learning technical analysis and that is "to participate rather 
  than anticipate" . We have to do our homework and figure where we think 
  the market is going.But then we have to be flexible and let the market do the 
  talking.The reason I mention this at this time is that regardless of whether 
  we are in a bear market or bull market , there are very strong moves against 
  the primary trend which are worthwhile trading opportunities.One appears to be 
  at hand now.
  A review of the charts indicates to me a triple 
  bottom formation in the following indices : NDX 100, COMPX (NASDAQ), SPX 500, 
  . The OEX broke through but not significantly and in addition the OEX is more 
  likely to be affected by options ,arbitrage, exercising etc. The DOW JONES 
  also held above the intra day low of 9731 made on 3/8/00. I don 't have the 
  volume figures for thursday and friday but if someone would post them it would 
  be revealing as to whether the intra day reversal on friday was accompanied by 
  increased volume.Up volume and down volume as well as total volume s/b kept 
  separately for the nasdaq and nyse.If up volume as a percentage of total 
  volume does not increase in proportion to the increase in prices it would 
  give warning that the rally is terminating 
    .Until we make new highs confirmed by 
  other indicators my primary model is still in a bear mode I am long QQQ at 77 
  1/2 and 81 I send this out very late last night Did not see it on this 
  morning.Am resending .My apologies if duplicate appears ..
  DomTo 
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  to:realtraders-unsubscribe@xxxxxxxxxxx






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