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another reason why after 8/2- 8/4 is time to short again
Ben
----- Original Message -----
From: Mark Simms
Date: Thursday, August 30, 2007 8:35 pm
Subject: RE: [RT] 88 Years of DJIA history -- the good and the bad
To: realtraders@xxxxxxxxxxxxxxx
> It's just chairs shifting on the deck of the Titanic....
> Corps have stopped capital spending....
> that means "no spending on expensive tech stuff"....hardware,
> software,services.
> Penny-pinching green eye-shades types are still in control there.
>
>
>
>
> _____
>
> From: realtraders@xxxxxxxxxxxxxxx
> [mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of Ira
> Sent: Thursday, August 30, 2007 6:48 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] 88 Years of DJIA history -- the good and the bad
>
>
>
>
>
> Part of the downside action on the S&P and the Dow is a rotation
> out of
> financials and consumer staples and moving into the tech sector.
> One of the
> reasons that the Nasdaq has been rising.
>
> The other thing is that the US dollar seems to be stablizing
> just above my
> first price objective for the move down at 80.43. If the dollar
> can get to
> 81.10 it has a good chance of going to 81.63. A rising dollar would
> increase the carry trade and pressure bonds higher and interest
> rates lower.
>
> Just one man's opinion.
>
> Ira
> www.thetradersguide .net
>
>
>
> ----- Original Message -----
> From: ben
> To: realtraders@
> yahoogroups.com
> Cc: panda2222@xxxxxxxxx .com ; 'Vince
> Donovan'
> Sent: Thursday, August 30, 2007 3:01 PM
> Subject: RE: [RT] 88 Years of DJIA history -- the good and the bad
>
>
>
>
>
> So far you have been right Ira
>
>
>
> For tomorrow
>
>
>
> Sp should close minus 3.57,
>
>
>
> Max positive intra day positive4.28- positive 8
>
> Max downside minus 6 to minus 8
>
>
>
> -----Original Message-----
> From: realtraders@
> yahoogroups.com[mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ira
> Sent: Sunday, August 26, 2007 6:19 PM
> To: realtraders@ yahoogroups.com
> Subject: Re: [RT] 88 Years of DJIA history -- the good and the bad
>
>
>
> My monthly chart shows downside pressure and divergence at the
> high. Even
> though these are negatives the Weekly and Daily show upside
> pressure. the
> daily chart indicator is over extended which indicates that
> there should be
> a couple of days of horizontal or downside price action.
>
>
>
> Just one man's opinion,
>
> Ira
>
> www.thetradersguide .net
>
>
>
>
>
> ----- Original Message -----
>
> From: Clyde Lee
>
> To: realtraders@
> yahoogroups.com
>
> Sent: Sunday, August 26, 2007 1:45 PM
>
> Subject: [RT] 88 Years of DJIA history -- the good and the bad
>
>
>
> Just for new readers:
>
>
>
> The Tradestation indicator called The SwingMachine is given
>
> a specification for detection of pivot (turning) points and keeps
>
> tract of all such points (in time and price) for the entire period
>
> of the chart on which it is applied.
>
>
>
> Price is kept in terms of percent of current price so that a
>
> proper average/estimate can be made at any point in time
>
> thereafter.
>
>
>
> The attached shows to most optimistic and most pessimistic
>
> views that can be accumulated from the 88 years of weekly
>
> data that was analyzed.
>
>
>
> Remember this is nothing but a representation of what has
>
> happened in the past. For those that think the market tends
>
> to repeat patterns of price this is an excellent study.
>
>
>
> - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> - - - -
> Clyde Lee phone: 713.783.9540
> SYTECH Corporation
> 7910 Westglen, Suite 105
> Houston, TX 77063 fax: 713.783.1092
> WebSite: www.theswingmachine
> .com
> - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> - - - -
>
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