Re: What you see is NOT what you get?

["Earl Adamy" <eadamy@xxxxxxxxxx>]

Surprise to upside - looks like that H&S "top" is going to get blown out this
morning. My daily McClellan Oscillators on both the NYSE and NASDAQ are
suggesting that a bottom is in for now, so as negative as the trends look, we
are likely on the cusp of a good rally here. I don't hold 'em overnight so don't
care.

Earl

    -----Original Message-----
    From: Yuri K <ure1@xxxxxxxxxxx>
    To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
    Date: Thursday, August 13, 1998 10:40 PM
    Subject: Re: What you see is NOT what you get?


    At 21:30 8/13/98 -0600, you wrote:
    >Weekly trend down, daily trend is down, 30 min trend is down, 5 min trend
is
    >down, tick trend is down, and there's a well-formed H&S top in the 5 min
charts
    >which broke down in the closing hour. Unless one is RipVanWinkle, I suspect
the
    >trend is down.
    >
    >Earl


    Could not agree more, markets trend and trends persist. But... the surprise
if any is on the upside. That's the question I ask myself always:"Where the
"surprise" could be?". Especially helpful, when things become too obvious.
Again, I agree on trend direction. Hedging or stops would not hurt. Since we
have plenty positive "hidden divergencies".


    Profitable trading or abstinence to you all,

    +
    Yuri

    Vancouver, USA

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