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S&P cash turn today...see chart to see why
At 01:55 AM 7/29/98 -0700, Craig Smith wrote:
>Renante, could you please post your BPU8 chart again with the Fork, that you
>stated "made the Tern". Let me know your thinking of what that market is
>doing. THanks for your posts.
>
>Craig
>-----Original Message-----
>From: Renate Muldowney <mailbox@xxxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Monday, July 27, 1998 8:45 PM
>Subject: Re: MKT: OEX Double Bottom?
>
>
>>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"
>>>
>
>
>
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