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I agreed with that Ben. It hasn't been a healthy recovery/bounce
but I see no more reason to believe that the broader market won't catch
up to the blue chips than I do that the blue chips will sink to the
broader market. Oil is down, we have full employment, interest
rates are low, earnings are mixed but more positive than not and the
banking mess is about baked into the cake. Plus, I trade on
fundamentals and seasonality is one of those fundamentals. Anyway,
whoever is right or wrong is of little consequence since we are both
nimble and let the markets tell us what to do.
Bob
At 07:25 PM 12/2/2007, you wrote:
helloBob
I am willing to say i am wrong If we close above
1500 sp500 cash, and, new hi new low improve,
however
after a nice up week last week we still have more new lows than new
hi
this is not a healthy mkt
Ben
- ----- Original Message -----
- From: BobsKC
- To:
realtraders@xxxxxxxxxxxxxxx
- Sent: Saturday, December 01, 2007 5:05 PM
- Subject: Re: [RT] SPX & NDX Volume
- I'm not so sure about this. Seasonality has a lot of influence
on the markets and we are now in a strong period for the markets.
We have seen a 10% correction and much more than that in the non blue
chips. The broader market has not recovered much from the past
weeks of correction. It is not easy to answer the question of
"if not stocks, where do I put my money?" .. I would be very
cautious about taking up short positions until we see if seasonality will
win over the banking concerns. (Much of which has been baked into
the averages).
- Bob
- At 01:31 PM 12/1/2007, you wrote:
- Hello Peter
- i have already exit all my longs on fri
- and enter shorts
- Ben
- ----- Original Message -----
- From: Pete Lieber
- To:
realtraders@xxxxxxxxxxxxxxx
- Sent: Friday, November 30, 2007 9:49 PM
- Subject: [RT] SPX & NDX Volume
- Neither the volume indicator for the S&P-500 nor the NASDAQ-100
confirmed the recent rally. We still need strong up-volume to
confirm. Until we do, this move is suspect (see attached
charts). - Pete
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