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I think the more prudent thing to do is to wait for
a rally then sell it.
You Buy dips is an uptrend, sell rallies in
downtrend.
Buying on strength (or percieved strength) in a
downtrend is a very risky venture.
As the margin call selling continues, this market
can still go to much lower levels.
Caveat Emptor
I will be one of the guys selling (short) you the
stock you will be buying.
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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: Friday, December 01, 2000 8:39
AM
Subject: Re: [RT] Re: Time to
buy????????????
I think the question marks on my recent post
may have been misunderstood. What I was proposing was whether we are
close to a decent buy on the MARKET not on individual stocks per se. I
am a strong devotee of technical analysis and I strongly believe that anything
that is known is reflected in the charts of the entity or entities one is
trading. What I have forgotten in technical anaysis is more than most
technicians know.Your reference to read Dom perrino's email etc.is at best in
poor taste.
<FONT face=Arial
size=2>Dom
----- Original Message -----
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jimmy
To: <A
href="mailto:realtraders@xxxxxxxxxxx";
title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx
Sent: Thursday, November 30, 2000 4:27
PM
Subject: RE: [RT] Re: Time to
buy????????????
<FONT color=#0000ff face=Arial
size=2>2270 something on the NDX is 50% retracement from Oct 98. A
chart say a monthly one of the NDX looks like a Elliot wave ABC correction
completing. Lots more tech stuff I'm sure but it is all useless unless
you simply know this looks like a normal correction or call it a small bear
market if you are an intermediate term kind of trader.
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>FACTS It will turn up. Don't know when. Nothing I watch says
up. When it does you start to buy. You better know what turn up
means however. Re read Dom Perrino's email so you know how to pick
stocks when it does turn.
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>Technicals are great but it ain't up until it is up. If you
don't understand that you will need to do a lot more reading and
thinking.
<FONT color=#0000ff face=Arial
size=2>
I
always find it a good idea to put up a very long term chart, like monthly
chart. Look at what has happened for the last two or three
years. Then put up a chart of three years but let is end several years
ago. The scale of the corrections always look bigger in a current
chart. They really looked big to me in the 1960s and 70s and
80s.
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>Jimmy
<FONT face=Tahoma
size=2>-----Original Message-----From: Dom Perrino
[mailto:domenick@xxxxxxxxxxxx]Sent: Thursday, November 30, 2000
1:48 PMTo: realtraders@xxxxxxxxxxxSubject: [RT] Re:
Time to buy????????????
<BLOCKQUOTE dir=ltr
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
Aside technical indicators,fundamental
indicators,ew,astrology ,gann, fibo.etc., and putting
personal experience in the forefront<FONT face=Arial
size=2>.Let's get some input based soley on experience since I
think that this election fiasco is throwing a monkey wrench in most
indicators.
Is this a buying opportunity that some time from now we will
look upon as a coulda, woulda,shouda ??? In my own past experience
almost every time things looked as dismal as they do now it turned out
to be a buying opportunity.
Let's hear from some heavyweights (and others).As a technician, I
know it is hard to put technicals aside. Let's try ,we will be able to
hear opinions without having to justify it with an indicator.
Dom
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