RE: [RT] Trade Management

["spooz2" <spooz2@xxxxxxxxxxxxx>]

Earl,

 

What a pleasure, once again, to learn from the insights of serious

student of the markets.

 

Stuart

 

Stuart A. Miller

tel: 954-438-0577

fax: 954-438-6038

email:  spooz2@xxxxxxxxxxxxx

           sunsetisles@xxxxxxxxxxxxxx

 

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From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of EAdamy
Sent: Sunday, December 04, 2005 11:03 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Trade Management

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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