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Hi Ben,
In my statistical work there is only a 18% chance of a higher high tomorrow
in the NYSE/S&P Futures and 72% chance of a Lower Low. So I would be
inclined to see further down side.
Most of the days in the past like today resulted in a doji at the close of
Thursday with the dead cat bounce, Ben is talking about, starting on Friday.
Only one out of 11 showed a reverse dead cat bounce, more like the piano
crashing through a couple of floors and landing on the concrete sidewalk
kind of trend.
Don Thompson
----- Original Message -----
From: <proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Wednesday, December 20, 2000 5:38 PM
Subject: Re: [RT] Margin calls and bottoms
> In a message dated 12/20/00 4:27:49 PM Eastern Standard Time, ist@xxxxxx
> writes:
>
> << Do we get a violent Christmas rally for a couple of days?
> Does fear overcome greed and those speculators who loved the 90s look
> elsewhere to place their funds? Is the tax selling over? Will fund
> redemptions afford greater pressure on the markets? Will the influx of
> 401K and other retirement funds give us the ever famous January effect?
> Will those giant brokerage firms start laying off people and cutting
> bonuses? Just look at the charts, the complete story will unfold
> there. Have a Merry Christmas and a Happy New Year. Ira.
> >>
> hello
>
> my work suggests a dead cat bounce to an intra day hi of 2750 by Fri
> or Monday
> then
> by next Fri 12/28-12/29 intra day low will be UNDER 2000 NASDAQ
> BE CAREFUL
> happy healthy and wealthy year
> Ben
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
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