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The spread between DJIA and S&P is at historic distance. For the last five
bear markets widing of the Spread meant a sideways to bear market. Of course
I cannot back test this, since I only have a sample of five. I may have to
rely on intuition. Oh no. Not that. Yes, that. Of course I could wait
another 26 bear markets and test it.
-----Original Message-----
From: Trade Jack <trade_jack@xxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Saturday, October 17, 1998 7:16 PM
Subject: Re: 200 Period Moving Average!
>as a trader, i don't make forecasts.
>
>however, i believe the market will resolve itself in one of two
>scenarios:
>1. false upside breakouts in the major indices, followed by a crash to
>new lows 720-740 basis dec s&p, or,
>
>2. a weak down move that will be heavily shorted, followed by an
>accelerated upmove (short covering and new institutional buying) to
>all time highs 1300+.
>
>my bets are for scenario 2 since a majority of traders are looking for
>scenario 1.
>
>TJ
>
>---Ron Augustine <RonAug@xxxxxxxxxxxxx> wrote:
>I would be interested in hearing any other comments on this subject or
>other perspectives on the current technical situation in the Market.
>
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