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Hi Yuki;
Now that Fundamentals appear reasonably sound, the SpinMeisters are trying
to drive the medium term sentiment indicators to the pessimistic side. I
would guess that might be in the order of 4 weeks, taking us to Dec 18th or
so.
Since March, trends say we'd go through another positive cycle from right
about here. The question is, are they willing to push down to trend
support on the low side, or just winding up for another upside cycle.
The direction right after this options expiration week should make it clear
which of the two is in the cards.
Richard
----- Original Message -----
From: "Yuki Taga" <yukitaga@xxxxxxxxxxxxx>
To: "DIMITRIS TSOKAKIS" <amibroker@xxxxxxxxxxxxxxx>
Sent: Thursday, November 20, 2003 3:54 AM
Subject: Re: [amibroker] Re: Enhanced H&S pattern, I [the false readings]
> Hi DIMITRIS,
>
> Thursday, November 20, 2003, 8:17:20 PM, you wrote:
>
> DT> PS: There was NO technical reason for the -2% of this day DAX.
> DT> There was not even a financial reason to loose this percentage in
> DT> half an h or so.
>
> A bunch of terror bombs in Istanbul I guess. US futures went south
> in seconds after the news.
>
> Yuki
>
>
>
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