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Better take your profits on the short side. With Europe on vacation the real
action will start on the downside until after Labor Day.
neal (also knows as the paper tiger and the bug man)
-----Original Message-----
From: Peter Kiefer <xet73@xxxxxxxxxxxxxx>
To: Hao-Min Jian <hjian@xxxxxxxx>; omega-list@xxxxxxxxxx
<omega-list@xxxxxxxxxx>; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, August 05, 1998 5:06 AM
Subject: Re: Wow, S&P just gets better for the short sellers~~~!!!
>sorry - but too many wish , hope that these retracement levels come true.
>it ain't gonna happen.
>
>----------
>> From: Hao-Min Jian <hjian@xxxxxxxx>
>> To: omega-list@xxxxxxxxxx; RealTraders Discussion Group
><realtraders@xxxxxxxxxxxxxx>
>> Subject: Wow, S&P just gets better for the short sellers~~~!!!
>> Date: 04 August 1998 22:30
>>
>> Wow, S&P and INDU bounced off the support obviously at 1075 and 8600
>> respectively. I am at least 97% positive that this break out is valid
>and
>> decisive; it is calling for more downside.
>>
>> Anyway, the double top in Dow calls for 8000 but we "might" not get that
>> far. The 38% retracement level is 8457; however, with the way we're
>> progressing, it doesn't look like it will hold. The next retracement
>level
>> 50% lies about 8175, which just about agrees with where the break out
>> started between 8200-8250 which is what I think as the minimum target.
>>
>> S&P's picture is pretty much the same with 38% at 1063, 50% at 1023, and
>62%
>> at 983.
>>
>> Well, well, the only hope I see left for the long people is the 233 day
>> average which is just about 8400 and 1037 on Dow and SP respectively.
>>
>> mines truly :)
>> HMJ
>>
>> wahhh~~~~ in spite of NSPK, LSS, SMRT (I posted this :) and many of my
>other
>> shorts... My TRBD (one of my ONLY two longs) really bursted on me.
>>
>> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~>_<~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
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