Re: [RT] DS on the OEX....

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

Muck around is probably the disappointing 
answer.  The respectable John Bollenger said it aptly with his earnings 
announcement indicator that forecasts mucho muck ahead.  His feel was that 
the end of year seasonality would have continued volatility and be abreviated in 
time.  On a day by day basis, the cumulative net volume for the NYA and the 
NASDAQ is still running below the hourly which is running below the one and two 
day averages.  Thus the brief rally attempts fail.  This could change 
in a blink of an eye though.
 
BobR
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  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  <A href="mailto:t-bondtrader@xxxxxxxxxxxx"; 
  title=t-bondtrader@xxxxxxxxxxxx>t-bondtrader 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxx"; title=realtraders@xxxxxxxxxxx>RT 
  
  Sent: Thursday, October 26, 2000 9:22 
  AM
  Subject: [RT] DS on the OEX....
  
   
  BobR
   
  Re having posted this chart before, to show the 
  Dojo Sandwich pattern on the top and bottom of the haul down - what I did not 
  realize at the time was that it was the right hand shoulder of a H&S 
  pattern.  When you close up the same chart, you can see 
  the retracement was to the neckline.   Hence the failure of the 
  DS pattern as a 'bottom' and now I feel the subsequent DS, which formed the 
  re-test of the neckline, should be viewed as continuation DS with the overall 
  downtrend in tact.
   
  That is not to say the market might not stall for 
  a bit and muck about, but it certainly looks as if it is going to come off - 
  and if, eventually, it went the length of the neckline......  On the 
  other hand we could see a DB and it would be necessary to measure this as a 
  bullish retracement from the high.  We have just seen this happen on the 
  bonds...
   
  Best of...
   
  BillTo 
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