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Obviously I was wrong about the timing of the fall
I was HOPING for a fall prior to expiration
I guess it will happen AFTER expiration Fri
However
shorting here would only benefit 50% of the move
from the lowest low in the last 21 buss days
to the highest hi in the last 21 days (to include Fri)
after that Dow 11500 and NASDAQ 2600 to 2900(by 7/7/01)
Ben
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, April 17, 2001 6:52 AM
Subject: [RT] Mkt - INDU
> Did you ever want to strangle a mocking bird? Haven't been getting much
> sleep the last few weeks because of one that starts beaking off at
midnight
> and goes on and on in an antisleep campaign. Speaking of imitating, here
is
> a shot of Ben's oscillator(red) and cumulative oscillator(magenta).
Thought
> it might be of interest at this time since the cumulative oscillator
appears
> to be running into some resistance at the top of the down sloping channel
> line that began back in 1998. Question is, will it break away and move up
> from here. The volume weighted average price of the INDU is running into
> resistance at the 10122 VWAP line, formerly support now resistance. If
the
> mkt were going to turn down or breakout, this is a technically logical
place
> for it to happen. Perhaps Ben would like to add his expert insite into
> this.
>
> bobr
>
>
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