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I don't know about Double RePo's, but if I had noticed this divergence
between the NASDAQ and it's A/D line at the time, I would have mortgaged my
house to buy NDX puts. This strong a signal only comes about once every 18
months or so, but it is usually good for a BIG move as we have seen.
Kent
-----Original Message-----
From: Neal Hughes <neal@xxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Thursday, May 04, 2000 6:27 PM
Subject: Re: Lessons Learned From Market Downturn
Kent,
The downturn was predicted by a Double-RePo signal on the
DOW chart during February.. As one trader said by email,
"you don't **** with a monthly DRPO".
The signal was set-up in November, with the final confirmation
in February. I can post a URL if traders are interested in
further research.
This same signal occurred in prior severe downturns of the market,
as well as predicting the run up of oil prices from about $12.00
to above 34.00 over the past year.. These signals are discussed
in real-time on discussion forum pages.
As for re-entering, we've being doing that both short and long
depending on the day. There are both short and long trading
opportunities these days, it varies based on your trading
time-frame.
-Neal.
At 01:38 PM 5/4/00 -0400, you wrote:
>"Yes, the markets really tanked. I'm just fortunate I followed my trusted
>rule of **always** selling when the _____price of the stock_____ indicator
>went below
>_____stop that I entered when I bought the stock_____ level."
>
>"Frankly, I don't plan on re-entering those particular securities until
the
>_____lump in my throat_____ indicator drops below _____knot in my
>stomach_____ again!"
>
>You can't trade the markets mechanically like you're asking unless you have
>a system that is a winner and if you had such a system, it would have told
>you when to sell and when to buy back in. Frankly, I think the bulk of the
>selling is done. If you listen to CNBC, you will hear that many fund
>managers are totally confused on the markets or have large cash positions.
>This is a good sign. In addition, cash is still coming into the markets in
>the form of savings. This means continued upward pressure. But probably
>not like it was during the last 6 months. I'm currently 115% long. Of
>course, historically that is a bad sign.
>
>Kent
>
>
>-----Original Message-----
>From: Nicholas Kormanik <nkormanik@xxxxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Thursday, May 04, 2000 1:16 PM
>Subject: Lessons Learned From Market Downturn
>
>
>
>It's likely that over the past couple of months many here have had some
>important lessons reinforced.
>
>I'm hoping that some of you 'senior' members wouldn't mind filling in the
>following blank lines....
>
>"Yes, the markets really tanked. I'm just fortunate I followed my trusted
>rule of **always** selling when the _____A_____ indicator went below
>_____B_____ level."
>
>"Frankly, I don't plan on re-entering those particular securities until
the
>_____C_____ indicator rises above _____D_____ again!"
>
>Thanks in advance for sharing your ideas. I hope some interesting and
>helpful discussion is generated from your input.
>
>I personally am still a 'freshman,' and continue to look for these answers.
>
>Nicholas
>
>
>
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