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Hello John
Normally I would agree with you, this IS a very convincing break out,
However, you must think like a market maker,
How do I get more money from the mass public,
by convincing them it is real when it is not,
How can you tell it is not??
a: today upside was with just 1.1 billion shares
b: put /call ratio have topped out yesterday
c: New high New low indicator top out yesterday
d:We have also a bearish divergence as we made a higher high without higher
high in this indicator,
best regards
Ben
----- Original Message -----
From: <jvc689@xxxxxxx>
To: <Realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 06, 2004 8:50 PM
Subject: [RT] DJIA
> This is a very tenuous market...as has been well said by others.
>
> Normally, I am contrarian when so many are so cautious or calling a top or
> saying we will hit Dow 6000.
>
> In this case, we are at some critical points that go against common sense
> for a further run-up...like oil prices as just an example.
>
> Hopefully the attached gif will say it better...and is done properly to
> the satisfaction of RT readers.
>
> But we have all been fooled before...up and down.
>
> Sincerely,
>
> John
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
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Attachment:
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