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if the 60m charts go any higher my monitor will blow up
sp rising wedge is penetrated to downside
looks like classic local bull trap to me
but I am having a hard time selling it
> I don't buy the DJIA..... sooooooo... but it is the easiest to
manipulate..
> to force S & P traders who are short to cover..... I'm short PSFT EBAY
> both are down today... some of the others I'm short from months ago are
> enjoying a bounce today... such is life.... rally feels belabored to
me...
> I would suggest that SPX won't get above 1038.77 ... if it does then
this
> rally is stronger than I would guess at this time.. :-)
> ----- Original Message -----
> From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, September 28, 2001 12:32 PM
> Subject: Re: [RT] INDU
>
>
> > Dorothy, I hope you aren't right, but you do raise some valid points.
> Also, I
> > don't know if you can choose one index to arrive at some conclusion. You
> pointed
> > out that you're looking at the NDX because it has more issues involved;
> well,
> > how about the NYA or SPX, which both have more issues involved. If you
> look at
> > the NYA, the pattern you're referring to isn't that apparant.
> >
> > Well, we still have 3 /12 hours for my target of +170 on the Dow;
however,
> to
> > punch through resistance, which was support only a few days ago, it has
to
> be on
> > heavy volume to assure its validity. You are right on target concerning
> volume;
> > the volume is low, and it's a major concern of mine.
> >
> >
> > Ralph
> >
> >
> > Dorothy Carter wrote:
> >
> > > I think we are still in window for peak for end of the counter trend
> > > rally... Remember DJIA is 30 stocks check out NDX .. I'm not an
expert
> in
> > > Candle sticks .. someone else may want to respond.. but it made a big
> spike
> > > and is in lower section of range which may suggest exhaustion of this
> short
> > > cover, end of qtr rebalancing...??. I have lower targets that have
not
> been
> > > met yet.. and also we went down on big vol and have rallied back on
> lighter
> > > vol which in my work is a sell signal not a buy... obviously you have
to
> > > look at each stock separately so guess it depends on what you are
buying
> > > indexes or individual stocks.. personally I'm using any rally to
> > > short.............Guess we'll see toward close who wants to go home
long
> > > given a weekend . I have gone over all 30 Dow Jones stocks the last 3
> days
> > > and have only found 2-3 that had potentially constructive charts.. and
> those
> > > had limited upside potential... so
> > >
> > > ----- Original Message -----
> > > From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Friday, September 28, 2001 11:39 AM
> > > Subject: [RT] INDU
> > >
> > > > The Dow Industrials are struggling towards my goal today of +170
> points.
> > > > If achieved, the INDU reenters its previous trading pattern. This
> would
> > > > add to the probability of higher prices and lessen the chances of
> > > > further dramatic drops. As this is being written, the Dow needs 10
> more
> > > > points for the day. Wow, what a struggle!
> > > >
> > > > Dorothy and others, are there any opinions and forecasts?
> > > >
> > > > --
> > > > Ralph => E-mail => rjv@xxxxxxxxxx
> > > >
> > > >
> > > >
> > > >
> > > > 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/
> > > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
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> >
> > --
> > Ralph => E-mail => rjv@xxxxxxxxxx
> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
>
>
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