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Re: TECHNICAL VS. FUNDAMENTAL ANALYSIS



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ariel@xxxxxxxx wrote:
> 
> Dear Rt's
>  I have been watching the Spoo now realtime for about 1 1/2 years now.
>  I have traded without success in the past and I am working on my
>  personal psychology and have been watching price action and chart
>  patterns regularly for the last 6 months now.I have been using Keltner
> channels for s/r and was recently e-mailed some indicators from another
> R/T that I have not incorporated yet. I like to watch the Dow along with
> the current spoo contract and the McClellan and the A/D ratio of the
> NYSE.Anyway, I saw that the Russian news had sent the Globex plummeting
> and Europe was off pretty good and we opened gap down pretty good. Then
> I noticed right away that the Spoo and the Dow(INDU) were not mimicking
> each other as they usually do from the get go at the opening of
> daytrading. The DOW was down 130 points in 15 min. and the spoo was
> still farting around the opening range. Yet the A/D was incredible right
> away to the down side(267 A and 1958 D 15 min. after open).It just
> seemed to me this incredible short was staring me in the face. This
> opening situation seemed so unusual to what I have seen that I knew
> something was brewing. I did not trade this.Paper only. I am not
> ready.(Although I did stay up all nite thinking about what I saw and
> surmized.) I'm just wondering if other R/T's saw this strangeness and
> fundamental shorting opportunity in the beginning of the day too? Sorry
> for long post.  Regards,    Harry
Rt's This post was about 8/27-not today. Harry