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VIX today at 37 finally started to close in on the magical 40 and palpable
fear is beginning to show, so it is wise to expect a serious rally could
well be near. My downside targets are not far away.
Earl
----- Original Message -----
From: "BobsKC" <bobskc@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Wednesday, December 20, 2000 6:11 PM
Subject: Re: [RT] Margin calls and bottoms
> And doom spread throughout the land .. lower indicates lower and when
lower
> is reached it indicates lower than lower will be reached. Just remember
> when it was so "cool" to be with the "in crowd" and wave the bear flag in
> the midst of the high tech insanity? Well friends, the hordes are with
the
> flag wavers now and just as you knew the markets were never so easy as to
> just buy and wait, they are not so easy as to just sell and wait, either.
> When I see someone say there is only an 18% chance of something happening,
> I cringe. Such belief in further moves in the same direction is a sure
> sign of a near term reversal.
>
> For me, I'm in RRC and cash ... I covered some shorts today and will do
no
> further shorting until we mount a rally sufficient to cause short term
> memory loss of the recent toss of bath water, baby and nanny. I may miss
> some opportunity but feel that the risk/reward in most short positions is
> not sufficient until the froth is off the bear muzzle.
>
> Bob
>
>
> At 07:12 PM 12/20/00 -0500, you wrote:
> >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
> >>
> >>
> >>
> >>
> >
> >
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxx
> >
> >
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
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