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<FONT color=#000080
size=2>Tom,
<FONT color=#000080
size=2>
"<FONT
color=#000000 size=3>We're not prepared to say that we've seen the final bottom
in this secular bear market." ???
<FONT face="Vladimir Script" color=#000080
size=5>Rick
<FONT face=Tahoma
size=2>-----Original Message-----From: office97
[mailto:palmharbor7@xxxx]Sent: Tuesday, October 22, 2002 10:56
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker]Re:
The next week(s)Dimitris,I subscribe to John
Murph's newsletter (Technical Analysis of theFinancial Markets) and he
thinks the bottom is in place for this
year!RegardsTom BOct
15th,2002------------------------------------------------------"UPSIDE
TARGETS... Last week, we used Elliott Waves to pinpoint the apparent
completion of a five-wave decline that started last spring --which has led
to the current rebound. In Elliott terms, after a five-wave decline has
been completed, prices will normally return to the top of the fourth wave.
That means a potential move up to the August highs in the major stock
averages. There are also Fibonacci retracements to consider. In the case
of the S&P 500, a minimum 38% retracement of the seven-month decline
would carry to about the 920 area. A full 50% retracment would carry to
the August high near 965. That's our upside target zone -- which we think
will probably be reached by January. In the case of the Dow, that would
yield a potential uspide target to 9,000 -- which we mentioned last
Friday. We're not prepared to say that we've seen the final bottom inthis
secular bear market. With the market entering its strongest seasonal
period, however, (and given the history of October bottoms) we think
the time window for further gains should extend into January. After
that, we'll have to see."--- In
amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx> wrote:> Now I
can be more specific :> I need an indication of 12/18 or, at least,
12/21 to hint that a > continuation is probable and the Market will
remain o/b.> I know the question is very difficult, but it is
equivalent to where > the money is.> I have some indications
that the recent uptrend is still here, > without interruption, butthis
is a bit different.> The signal [if any] should be active after last
Friday 12/18 close. > DT> --- In amibroker@xxxx, "Dimitris
Tsokakis" <TSOKAKIS@xxxx> wrote:> > CSCO trendlines give the
exact picture of the UP or DOWN dilemma > for the next week(s).>
> We shall see a breakout, in one way or another, since the triangle
> formation came cautiously to an natural end. > > Market
Direction indicators have already reached sharply to a first >peak
[MACDBULL turned to 95% after two > > days at 96%] .> > We
are in front of the most difficult T/A question, the > continuation of
the bullish reaction.> > The market leaders have already announced
the 3Q results.> > The trend makers did not leave any room for
delayed action, when > they pushed some stocks to a +10% gap
up.> > [Many Short positions were not that profitable the last ten
days > and they were covered with significant losses]> >Now
they need the trend followers to keep on buying higher and >
higher.> > Are these followers convinced to do that ?> >
Medium volume traders who did not buy IBM from $65 [Sept 19] to $55
> [Oct 9], 15 full trading sessions, are forced now to buy above
> $75 !!! It sounds a bit absurd...> > Is there any realistic
perspective for such a delayed enthusiasm ?> > 3 IBM gap ups +8%,
+7% and +10% in 5 trading days is a bullish > shock if you are outof
the stock activities.> > T/A available tools for continuation
are very few and not well > organised.> > Any ideas to
improve this sensitive area ?> > Dimitris TsokakisPost
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