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I'd like to offer a few topics:
Where are the BEARS? Only one week ago there were bears everywhere,
bulls were in retreat, what a difference one week makes!!
Is there such a thing as a 'Summer Rally' anymore? Or, has it morphed away,
like the 'January effect'?
Likewise, does it matter if some traders leave early on Friday? With the
advent
of online trading, wireless quotes, etc does it require a normal crowd to be
physically present on the floor(s) to do business on a summer Friday
afternoon?
thanks
dave
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-----Original Message-----
From: BobRABCDEF@xxxxxxx <BobRABCDEF@xxxxxxx>
To: realtraders@xxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, June 27, 1998 10:01 PM
Subject: MKT - DJI & cumulative volume
>Here is a rather different looking chart of (H+L)/2 plotted against NYA
>cumulative volume. The S1 through S4 are where the DJIA is expected to
find
>support if S5 does not hold. R1 is resistance and is sandwiching the dow
with
>S5. Using data up to 6/26/98 the top is expected to be near 9805 about 75
>trading days from 6/26 providing S5 holds. That would put it around
October
>14, 1998. The theory behind this chart is available at
>http://www.winmidas.com.
>
>(ps just sharing something different)
>
>BobR
>http://www.oextrader.com
>
>
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