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Re: [RT] What's next

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the bearish divergence still  there
the market barometer is showing it and
Mclullen on volume and issues
the fly in ointment is NASDAQ
(more up volume then down volume
is it due  to  goog at new hi up over 10
aapl at new hi
rimm at new hi
amzn at new hi
but
on the new York only 138 new hi?
 
I also stay overnight with all shorts
but
bought calls for protection
if we  trade above 1577 Cash) will close my shorts at loss
and sell 50% of my calls at profit to offset the loss,,
 
----- Original Message -----
From: Jim White
Sent: Monday, October 08, 2007 6:16 PM
Subject: Re: [RT] What's next

The longer term sentiment remained bearish to the close HOWEVER, the trend was bullish from about noon and the indexes closed above the level at that time. This was largely an inside day and tells us nothing about the longer term expectations for the markets. I am looking for closing weakness to confirm a bearish reversal and until that happens, all bets are off.
I closed two shorts for profits today but am worried about two I carried overnight.
 
Jim
----- Original Message -----
From: Jim White
Sent: Monday, October 08, 2007 9:31 AM
Subject: Re: [RT] What's next

My measure of longer term sentiment went bearish at 10:23 this morning. If it closes in this condition, I expect more downward pressure this week.
 
Jim
----- Original Message -----
From: Jim White
Sent: Friday, October 05, 2007 9:59 AM
Subject: [RT] What's next

Let's have some discussion here!
 
Will today's spike up move mark a high from which the markets will decline or are we headed higher next week?
 
Since yesterday was an inside day for the indices,my work indicates a high today and a decline to around 10/17. If we reach a higher high on Monday, the forecast has failed.
 
If you express an opinion, please explain your rational.
 
Regards,
 
Jim White

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