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<DIV><FONT size=3>Hi All,</FONT></DIV>
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<DIV>Does anyone know how to convert *.ela files in a text format?</DIV>
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<DIV>Anna</DIV></BODY></HTML>
</x-html>From ???@??? Sat Jan 23 21:10:50 1999
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Date: Thu, 1 Jan 1998 02:39:03 -0500
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From: "Thomas J. Vetter" <tjvetter@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Where are the Bulls?
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The bullish case is in the break to new highs by, for example, the sp500 and
the nasdaq, and the countless cup with handle breakouts of individual
stocks.
The trend is up. Do you disagree?
-----Original Message-----
From: Bill Bancroft <bbancroft@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, January 22, 1999 9:15 AM
Subject: Where are the Bulls?
>RTs,
>
>I said yesterday that:
>
>"For me, I don't call a top until three things happen:
>1. The market breaks a bullish trendline.
>2. The market fails to make new highs (lower highs).
>3. The market breaks through support (lower lows)."
>
>I now am convinced that the S&P 500 has put in a lower high. The only
>thing that needs to happen is for the market to close below 1208 for two
>days in a row (just for confirmation). IF that happens, prices should
>not return above 1208 anytime soon or the trend reversal would be
>questionable. Remember 12/14/98, everyone thought we had a break of
>support only to see prices come roaring back.
>
>Although I enjoy the feedback from this forum regarding the current
>market action, I ask myself, "Where are the Bulls?" Not one bullish
>person responded. Maybe that is bullish in and of itself. I like to
>have my observations challenged, it helps to keep an open mind. What is
>the bullish case here, technically speaking?
>
>Bill Bancroft
>
>
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