Re: [RT] Trade Management

Subject: Re: [RT] Trade Management

Date: Sun, 4 Dec 2005 09:03:11 -0700

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Transports are just one of the indexes which has broken out although it certain indicates strength in shipping goods. An index which on which I put more weight is the XBD (Securities Broker-Dealer index). Historically, the XBD has often (but not always) given some timely advance warning of impending problems in the stock market.

That said, there is something else which I am seeing in some key indexes which is a strong move right through the 162% retracement of the prior decline. The XBD (monthly chart attached) is one index which has done this. While such a move gives the appearance of strength, it also sets off "blow-off" warning bells.

Earl

----- Original Message -----

From: Mano Appapillai

To: Earl Adamy

Sent: Sunday, December 04, 2005 8:33 AM

Subject: Re: [RT] Trade Management

Earl

Have you looked at the DOW Transports making highs ? what's the signal relevance ? Industrials higher ?

mano

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