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Sorry I liked Ira's
comments but saw your name and thus the "read Dom Perrino's email" when I
should have said Ira. It was a complement albeit to the wrong person
however what you said I didn't mean to disagree with. I see no technical
reason to buy yet but I agree it is a very attractive level and the technicals
look as if the downside risk is very little.
I don't know what your
understanding of my email was but I meant no disrespect. In picking stocks
I was talking to those on the list that could benefit from Ira's post.
You posed no question about picking stocks and I'm sure have an
excellent system. I will work on my tone a bit.
<FONT face=Arial color=#0000ff
size=2>
<FONT
face=Arial>Thanks,
Jimmy
<FONT face=Tahoma
size=2>-----Original Message-----From: Dom Perrino
[mailto:domenick@xxxxxxxxxxxx]Sent: Friday, December 01, 2000 10:40
AMTo: realtraders@xxxxxxxxxxxSubject: 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="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jimmy
To: <A title=realtraders@xxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx
Sent: Thursday, November 30, 2000 4:27
PM
Subject: RE: [RT] Re: Time to
buy????????????
<FONT face=Arial color=#0000ff
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 face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
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 face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
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 face=Arial color=#0000ff
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 face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
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="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-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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