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--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi DIMITRIS,
>
> Friday, November 12, 2004, 4:26:38 PM, you wrote:
>
> DT> Yuki, The last two candles give an obvious picture. To cross
> DT> 10,900 and go lower, you need V=68,000. [Nov11] To cross 10,900
> DT> and go higher, you need V=81,000. [Nov12] The interpretation is
> DT> [for me] unique : 10,900 is a resistance, not a support. If, 2-3
> DT> bars later, the same Friday´s money will push the prices to go
> DT> lower, it will be quite easy, much easier than Nov11 attempt.
The
> DT> end of the next week will give the confirmation of this
scenario.
> DT> Dimitris [BTW, who is Eliot Spitzer ??]
>
> Well, we quite agree, I think. Certainly the end of next week
should
> give us a clear picture. And as I say, I did nothing. I suspect
the
> long side, but I'm not ready to challenge with a short. (I just
> don't do much shorting these days anyway, although at one time I did
> a lot.)
>
> My system these days is very short term. If there is a continuation
> on Monday, it will almost certainly carry through to the open on
> Tuesday. Devil take the hind-most. ^^_^^
>
> So, my friend . . . what is your plan with CSCO? :)
The best-fit parabolic signaled a Long entry on Oct22.
The Oct25 Buyprice was 18.20 average.
The same indicator hinted a quick exit on Nov2.
[I did not agree, but, the signal was crystal clear !!]
I was lucky, because the next bar Open was great [19.70]
Now I wait for the next Long signal.
BTW, CSCO has the same problem with Nikkei, the technical basis if
$18 is not a strong support level...
Dimitris
> BTW, I'm surprised (sort of, at least) that you don't know who Eliot
> Spitzer is. He is the attorney general of New York state (the
> government's top lawyer for New York state). He has been a real
pain
> in the butt for American mutual funds recently, as he has exposed a
> lot of fraudulent practices. We need a Japanese clone, I think.
>
> I am a true cynic, by the way. I do not believe the markets are
> honest, and I believe manipulation is rampant, surely more so in
> Japan than in the US. I believe yesterday's action was related to
the
> SQ (Special Quotation) settlement of options and futures for
> November, which was based on this morning's opening prices. Someone
> was caught short. Someone big. Someone who could fight back. I
> think they did. But then, cynics think like that. ^^_^^ I never
> mind losing a few coins. Never. It goes with the territory. But I
> resent having my pocket picked. I feel it was picked yesterday,
even
> though all it was was a profit limitation. Still, I resent it.
>
> Fortunately, they dare not be so blatant very often, or they would
> attract unwanted attention. Most of the time, I can ignore them.
> They can cheat and get away with it, as long as they keep it to the
> occasional.
>
> I really hope you are right. Being flat, I'm rooting for the short
> side right now.
>
> Yuki
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