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A thanks to fellow RT contributor, Walt Downs for his contribution.
You....Delta wannabees...here's your chance to look over the colour bars.....look
for re-occurences....plot counts...have fun and post to this list your
findings. We would all like to see you make money....flip trades
and just generally have a good time. One word of caution......BE
CAREFUL.... I know your mother told you the same thing three months before
you <B>had</B> to get married....but this is different ....this is MONEY
it is like a heap of ants on a table....it just takes off.
<BR>
<P>And I truly wish you the best for the week.....I feel like its been
one heck of a good weekend. Hey.....I learned a lot too this weekend...some
about trading...some about people and a lot more about the power of the
written word.
<P>have a good one
<P>John</HTML>
</x-html>From ???@??? Mon Apr 27 07:31:43 1998
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Date: Mon, 27 Apr 1998 01:11:40 -0700
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From: "JW" <abprosys@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: RE: MKT Stock Market Direction
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The key is in the statement below. Whatever happens then will determine the
next move <g>.
>>Weather the market goes to Mars or follows the unsinkable Titanic will
be determined by what happens at the next market bottom and recovery.<<
JW
abprosys@xxxxxxx <mailto:abprosys@xxxxxxx>
-----Original Message-----
From: owner-realtraders@xxxxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxxxx]On Behalf Of Girish Patel, M.D.
Sent: Sunday, April 26, 1998 11:57 PM
To: RealTraders Discussion Group
Subject: Re: MKT Stock Market Direction
Huh?
Girish Patel
Victor Weintraub wrote:
> Two weeks ago I posted that the FirstCapital Market Direction System had
> given a negative signal and a top was begriming to develop in ernest. It
now
> appears that the top is here. The following is an excerpt from Stock
Market
> Timing the URL is:
> http://www.firstcap.com
> It is free.
>
> It appears to me that the market is establishing an important top.
Important
> for two reasons. First because it is developing as a well defined classic
> combination of rapidly deteriorating market internals along with a falling
> FirstCapital Oscillator. We have also seen many of the anecdotal signs
that
> some armature market watchers consider important at tops, such as
frothiness
> and speculative trading (the Internet Stocks) and excessive confidence
among
> the public and professionals. That in itself is not the key. The second
> reason is equally important. That is the way the market recovered from
the
> last correction bottom back in October 1997. At that time instead of the
> usual regaining of internal strength and recovering rapidly, the market
> vacillated and continued to show weakness for about six weeks until it
> finally definitively turned up in late January. During that period some of
> the most famous Wall Street Bulls began to question their faith in an ever
> upward market and pulled in their horns (pun intended). When the market
> regained strength they reestablished their targets of the market going to
> Mars. Weather the market goes to Mars or follows the unsinkable Titanic
will
> be determined by what happens at the next market bottom and recovery.
>
> Victor Weintraub
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