|
PureBytes Links
Trading Reference Links
|
The biggest threat I see here is the sudden weakness in the
leaders...for instance the midcap is starting to look like 1-2 1-2
down. Not sure how else to count it.And when those stocks break the
break hard. The road may be about to get a little rocky.
Chris
--- In realtraders@xxxx, "Earl Adamy" <eadamy@xxxx> wrote:
> some bounce ... couldn't even retrace half way to 1172! next
symmetry level
> is 1155.60 and if it doesn't bounce there look out below!
>
> Earl
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxx>
> To: <realtraders@xxxx>
> Sent: Wednesday, August 29, 2001 7:25 AM
> Subject: Re: [RT] s&p
>
>
> > Pivot low at 1162.20 was tagged so now in bounce mode ...
question of the
> > day is how high does it bounce. Key symmetry resistance level per
chart I
> > posted is left pivot at 1173 ... rally above this level breaks
downside
> > symmetry which has been a common occurrence in this chop so we
could
> easily
> > retrace 50-62% of Monday's decline for 15+ handles.
> >
> > Still, nothing has really changed unless you consider Gateway's
> expectation
> > of a profit by excluding taxes and a half-billion restructuring
charge
> > bullish. What is amazing to me is that for years we have seen
company
> after
> > company (not just tech either .. IBM, T, etc.) announce multiple
> > extraordinary charges which wipe out all of the previously
reported
> > "profits" and investors consider this bullish.
> >
> > As for the GDP revision, it was revised down by 70%+ and there is
another
> > revision to come so it's no big deal that a recession has not yet
been
> > declared official.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxx>
> > To: <realtraders@xxxx>
> > Sent: Tuesday, August 28, 2001 4:11 PM
> > Subject: Re: [RT] s&p
> >
> >
> > > If you read symmetry (39 minute chart I posted earlier), the
roadmap
> looks
> > > pretty clear ... tag the left pivot low at 1162.20 and then
bounce. The
> > > interesting thing was how the market so studiously avoided
dropping
> those
> > > last few ticks. The mystery now is in how the plot unfolds or,
if the
> > market
> > > chooses to change symmetry by not tagging the finish line or
dropping
> > > through it like a rock, then how that will unfold.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "Michael Ferguson" <wl7bdn@xxxx>
> > > To: <realtraders@xxxx>
> > > Sent: Tuesday, August 28, 2001 3:10 PM
> > > Subject: Re: [RT] s&p
> > >
> > >
> > > > in hindsight his symmetrical levels
> > > > played well. double distribution was the winning guess, but
it was
> > > decidedly
> > > > UN-symmetrical. where is value zone tonight?
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Make Financial Web sites more customer-friendly
Get a $10 AMAZON.COM Gift Certificate
http://us.click.yahoo.com/nJ2ldA/Dd6CAA/cosFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|