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Re: MKT: OEX Double Bottom?



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Terry 
interesting software 
what is it called?

RM

At 10:08 PM 7/27/98 EDT, TQuinn211@xxxxxxx wrote:
>In a message dated 98-07-27 17:00:39 EDT, OnWingsofEagles@xxxxxxxxxxxxx
>writes:
>
><< 
> Amidst all the gloom and doom "Crash" emails received in my Inbox over the
>weekend, two lone rangers - Bob Roeske and Clyde Lee - caught this bounce
>beautifully.  >>
>
>My hat off to Bob and Clyde as well. 
>
>Not to sound my own horn but....
>
>From:	TQuinn211
>To:	TQuinn211, realtraders@xxxxxxxxxxxxxx
>
>In a message dated 98-07-25 19:08:45 EDT, I wrote:
>
>This is a repost as I have no record of the original coming through. 
>BTW I am not in the market crash camp.
>
>Some exerpts frpm the original post.
>
>
>The outlook?
>
>The channels would need to turn down and or the moving average would need to
>stay below the channels for at least three days before I would call the
>primary trend as being down.
>
>The low of Friday is very close to the top of the trading range that existed
>between April and early June(546-548)  so I would expect any downward price
>movement to find support at these levels. I do expect these numbers to act as
>support for at least a trading bounce into a  trading range.
> 
>So i am planning to buy the dips and sell the rallies.
>
>And if the market does surprise us traders, it would be to the upside over
the
>next two to 4 weeks.
>
>
>Comments/Observations always appreciated.
>
>Enjoy!
>Terry Quinn
>
>My view of a trading range similar to April/May remains unchanged.
>
>
>
>Attachment Converted: "e:\eudora\attach\XBAR1.gif"
>