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Thought a chart might be more illustrative.
Earl
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, October 22, 1998 11:36 AM
Subject: Re: Dow: Bearish confirmations comming in.
>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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