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Ben,
It would be nice to know who you are quoting?
Is it a friend, a professional technician, insurance salesman? Does he have
a track record? Please advise.
Thanks,
Norman
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<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:profitok@xxxxxxxxxxxxx";
title=profitok@xxxxxxxxxxxxx>profitok
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, June 30, 2001 11:40
PM
Subject: Re: [RT] Re: Turning Point for
both nasdaq and sp500
you are right bob
barrons does not have the new hi for fri
but yahoo shows this guy is wrong on new hi
HOWEVER
i still believe he is right on the
markets
(this does not mean free fall monday
but to me it mean if you are still long, take your
money off the table
Ben
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<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:bobrabcd@xxxxxxxxxxxxx";
title=bobrabcd@xxxxxxxxxxxxx>BobR
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, June 30, 2001 10:46
PM
Subject: Re: [RT] Re: Turning Point for
both nasdaq and sp500
What new high list decreased? Best to
recheck those numbers.
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:profitok@xxxxxxxxxxxxx";
title=profitok@xxxxxxxxxxxxx>profitok
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Cc: <A
href="mailto:vdonovan@xxxxxxxxxxxxx"; title=vdonovan@xxxxxxxxxxxxx>Vincent
DONOVAN
Sent: Saturday, June 30, 2001 7:40
PM
Subject: [RT] Re: Turning Point for
both nasdaq and sp500
hello
recieved this over the weekend.
i share the man's view,
nice weekend
Ben,
Friday was mixed.The NYSE ADL was strong, but the
OTC and AMEX AD lines were not strong.New lows increased on all
markets.New highs decreased on all markets, but not enough to turn the
new high indicators downward.The secondaries were much stronger than
the blue chips.Growth underperformed value in the large cap area and
the underperformance was enough toturn the value / growth environment
from favoring growth to neutral.
This recent rally has been limited to small caps and
techs and both are a little overbought.The rally is already a day or
two longer than the recent rallies of the past 2 months, butwe are in
a normally strong end of month beginning of month pre holiday
period.
I have mentioned the NASDAQ new high indicator many
times and it has been moving upward sincethe beginning of this
rally. The number of new highs on the NASDAQ decreased to 12 above
thevalue of the indicator so it will not take much of a decline in
NASDAQ new highs to turn theindicator downward.
Surprisingly few of the short term and sector signals
have gone long in this rally and it is especially surprising that the
OC signal, which is Rydex's take on the NDX did not go longconsidering
the strong performance by the NDX over the past week.
Most of the sentiment indicators are neutral, however,
watching Wall Street Week Friday nightLouis Rukeyser was as bullish as
I have ever seen him. He all but declared that the marietwould
be up a year from now. Furthermore 3 of the 4 panelists declared
that we had seenthe lows for the year. Of the five, only Robert
Stoval was reticent. If the panelists arerepresentative of
overall sentiment, it is dangerously bullish.
The recent cycle of approximately 6 day up legs followed
by 6 day down legs has now had 8 days in this up leg so a correction
is due. Some possible scenarios are:
1. The market continues upward for several more
days supported by the techs and small caps andthen collapses.
This is possible considering we are in the normally strong pre holiday
periodthat could easily extend the current rally.
2. The market corrects for a day or two and
resumes its climb. This would imply that marketsdifficulities of
the past month are over and a summer rally has begun.
3. The market begins a correction that lasts 6
days or so and the recent pattern continues.
I am slightly inclined to the first
scenario.
Good luck
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:ninja@xxxxxxxxxxxxxxx";
title=ninja@xxxxxxxxxxxxxxx>Ninja
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, June 30, 2001 5:17
AM
Subject: [RT] Turning Point and
Traid Research
<SPAN
class=710350707-30062001>Hello,
<FONT
size=2>An<SPAN
class=710350707-30062001>ybody
know how I can get access to Walter Studnicki <SPAN
class=710350707-30062001>of Turnin<SPAN
class=710350707-30062001>g Point and James Brock of <SPAN
class=710350707-30062001>Traid Research.
They are
suppose to have good track record.
<SPAN
class=710350707-30062001>Thanks,
<SPAN
class=710350707-30062001>NJTo
unsubscribe from this group, send an email to:<A
href="mailto:realtraders-unsubscribe@xxxxxxxxxxxxxxx";>realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
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