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Heck of a triangle!!! Tough trying to trade it, finally gave up. There will
be a zillion stops to catch the breakout.
Earl
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, October 22, 1998 8:58 AM
Subject: Re: Dow: Bearish confirmations comming in.
>Bob et al,
>
>My answer is that it depends on your view of the trend. After the large
>break in the Spoos and Doos I see the market as being in a non-trending
>congestion phase. Until new highs/lows are forthcoming I wont see the trend
>as up or down. Many traders trade the swings of a congestion pattern with
>various swing indicators such as momentum. Exactly how or what I'm trading
>I consider my business. Good trading.
>
>Brent
>
>----------
>> From: bobskc@xxxxxxxxxxxx
>> To: brente@xxxxxxxxxxxx; RealTraders Discussion Group
><realtraders@xxxxxxxxxxxxxx>
>> Subject: Re: Dow: Bearish confirmations comming in.
>> Date: Wednesday, October 21, 1998 11:00 PM
>>
>> One comment to the below. The trend is your friend and bucking this one
>> may leave you hollering uncle. Why not just let it turn and jump on and
>in
>> the mean time, enjoy the northward slant?
>>
>> Bob
>>
>> At 10:13 PM 10/21/98 -0600, BrentinUtahsDixie wrote:
>> >Group,
>> >
>> >I'm venturing out on that limb again just to see if I have the guts. I
>hear
>> >your chain saws running but here goes. Now that divergences are
>confirmed
>> >this looks like another sore thumb to me(after 5 years you begin to
>trust
>> >what you see). If this breaks down we may visit the 6000's. Have fun.
>> >
>> >Brent
>> >
>> >Note: This is not a recommendation to buy or sell anything. Trade at
>your
>> >own risk.
>> >
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