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Yes,,
Ben
----- Original Message -----
From: "Daniel Goncharoff" <thegonch@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, October 15, 2001 3:33 AM
Subject: Re: [RT] distribution?/nasdaq/sp500
> Just to confirm, is this 'previous 4 day high' the 1099.16 from
> Thursday?
>
> profitok wrote:
> >
> > Hello You are all correct,,(Bob r Don T and BobskC,,)
> > We most likely will make the highest hi on Monday,,(highest means
taking
> > out the pervious 4 day hi in the SP)
> > this is mostly because the 2 generals in the NASDAQ intc and MSFT
will
> > have positive and negative effects,,
> > The NASDAQ is also having a tough time advancing,, and most likely
will
> > stall for a day or 2(and the SP. AFTER making this top)
> > However it will continue higher,, And so will sp500,,
> > the NASDAQ should get to 1800 and SP. top 1150
> > The only fly in the soup could be expiration,, which Most likely
Will
> > effect timing
> > This week is NOT a good week to trade,, Just catch up on your list of
> > things to do (and make that spouse happy)
> > the REAL trend should be more evident AFTER expiration
> > BE warned and be careful
> > Ben
> > p.s the score that BobR posted is not magic,, it is just a
sophisticated
> > way to measure the market,, True buying and selling pressure
> > the data required is trin,, new hi new low ,, up/down volume,, and
> > up/down issues,,
> >
> > ----- Original Message -----
> > From: "BobsKC" <bobskc@xxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Saturday, October 13, 2001 4:18 PM
> > Subject: Re: [RT] Gen - distribution?
> >
> > > I did a little shorting on Thursday at the close and covered Friday
> > mid-day
> > > .. I was ready to take another short position or two at the close
Friday
> > > but it's all just too neat. Everyone agrees. Everyone. Be they
> > > chartists, star watchers, fundamentalists or wave riders, they all
agree
> > we
> > > are headed to new lows or at least a retest and we are going to do
this
> > > right away. Such consolidation of sentiment scares the hell out of me
so
> > I
> > > went into the weekend mostly in cash. (One oil stock, one biomed, one
> > gold
> > > issue and 85% cash). Even after all my years of trading, I am
clueless
> > > right now and when I'm confused, I'm in cash. Why isn't DIS $8 a
> > > share? Why isn't CCL $9 a share and how could it go up into that mess
on
> > > Friday? This old dude is going to have to watch for a while count his
> > > chips until the hand becomes clearer.
> > >
> > > All best next week folks,
> > >
> > > Bob
> > >
> > >
> > > At 04:00 PM 10/13/01 -0400, you wrote:
> > > >The only thing is that divergence often leads to another higher
high...
> > Also
> > > >time is involved.This thing could go even more.. Not disagreeing with
you
> > > >persay, it is difficult to model accumulation and distribution,
except on
> > a
> > > >cumulative basis on each stock of the index.
> > > >For the second week in a row, the futures were bought in the dead
period
> > of
> > > >the day at near average price for the week, That looks to me like
people
> > are
> > > >working it on the bullish side.
> > > >
> > > >It might be that no one is selling for the moment.
> > > >
> > > >Don Thompson
> > > >
> > > >----- Original Message -----
> > > >From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> > > >To: <realtraders@xxxxxxxxxxxxxxx>
> > > >Sent: Saturday, October 13, 2001 3:22 PM
> > > >Subject: [RT] Gen - distribution?
> > > >
> > > >
> > > > > One argument for the notion that the last 7 trading days were more
> > > > > distributive than accumulative is found in Ben's Profit Taking
> > > > > Index(proprietary). The PTI configuration looks the same for the
OEX
> > and
> > > > > NASDAQ even though all the data is totally different. A sell
> > divergence
> > > > > between the indexes and the PTI's is seen on both charts.
> > > > >
> > > > > bobr
> > > > >
> > > > >
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> > > > >
> > > > >
> > > > >
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