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--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> Yuki,
> this expectation [next week announcements] is exactly what will
keep
> the buyers near the current prices, in the case the big boys apply
> moderate short pressure. The analysts try the same thing, to
persuade
> next day buyers to be there, at -1% or -1.5%. The next TSE session
> will be interesting, you should be [and you will be]sensitive
enough
> to detect if [and how] selling pressure is applied. IMO the DAX
> market makers are [till now] net sellers. The same in France [and,
of
> course, it is more than obvious here in Athens !!].
>An ^NDX below -1% will turn the red light on and will give all the
>necessary excuses for you to be negative tomorrow. This scenario
>may be true.
Yuki,
It is your turn now !!
Note that this -1% was enough for ^NDX to present a bearish div for
both StochD AND RSI, as you did yesterday.
I think you have all the excuses now to loose some points. The
perspective of next week announcements will keep the buyers warm [??]
and the work of sellers will be easier, they will sell in a civilised
manner, no need to be wild and shoot the poor buyers.
Far from the office now, no gifs, no graphs, no composites, I hope
you will excuse the general character of these comments.
More details tomorrow [ie in 8h], good luck and take care.
Dimitris
> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > Hi DIMITRIS,
> >
> > Thursday, January 22, 2004, 8:01:07 PM, you wrote:
> >
> > DT> Yuki, Some articles make me suspicious today. Example
> > DT> http://biz.yahoo.com/rf/040121/markets_japan_stocks_17.html
They
> > DT> all agree *NOW* for the bullish continuation... OK, nobody
wants
> > DT> to sell below 11,000 but, a -5% retracement from the current
> > DT> levels will give more reasons for bearish positions [if TRUE,
it
> > DT> will cause another -5%]. StochD/RSI divergences are not always
> > DT> verified in bullish periods, but a small correction would not
be
> > DT> that bad. ^NDX similar divergences are not ready yet, I think
we
> > DT> need one more negative bar [the US lost one bar last
Monday...]
> > DT> Many people were trying to get rid of their CSCO the last 2h
> from
> > DT> 28.80 to 28.60, $30 is not that close as it looks like. We
shall
> > DT> see...
> >
> > Well, it's been quite a run as I said, but we walked off a lot of
> > overbought in the past two sessions. Nothing lasts forever of
> > course, and I wouldn't be surprised if a correction looms. But my
> > bet would be not before the end of next week, after the earnings
get
> > into full swing here. I wouldn't be surprised if we got up into
the
> > 11,300 area, even a bit higher, before a pullback. The next
> pullback
> > that would keep a bullish momentum going here should come from
about
> > 11,300 to 11,400, and not pull back too much below 10,900. But
> then,
> > I've made a career out of being wrong about these guesses.
^^_^^ I
> > had no signals today, still some setups for tomorrow, but not that
> > many. I expect to be flat over the weekend. The first of
February
> > might be time to let the air out of the balloon a bit. Still, I
> will
> > just react to whatever is happening.
> >
> > My research on seasonality here in Tokyo might suggest that strong
> > swing movements develop here on the 1st through the 3rd of every
> > calendar month (strong, but maybe only a very few days duration).
My
> > best system just goes nuts (is excellent) during that period,
both
> in
> > percentage winners and in total return. The bias is even more
> > remarkable when you consider that there are NO trades, ever, on
> > January 1st, 2nd, or 3rd here, as those three days are all
holidays.
> >
> > Yuki
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