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Good Idea. Let's talk about the S&P's and stop exchanging worthless gifts
(insults). Anyone else notice today how the S&P decline of 16.50 points
retraces to the 62% level and then declines another 16.50 for a temporary
bottom before making a third decline in the range of 16.50 points? W.D. Gann
calls this a measured move. It also works on the daily chart. The rally in
the daily June S&P's goes from 1229 on March 3rd to 1337 on March 19th for a
move of 108 points. Where will the next high be? Add 108 points to the next
low on march 23rd of 1267 and what do you know the projected high is 1375, 2
points off Monday's high of 1373. Happy trading.
-----Original Message-----
From: nwinski <nwinski@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, April 14, 1999 12:35 PM
Subject: Re: Bill-ie's At It Again!
>
>
>OkieDame@xxxxxxx wrote:
>
>> My thoughts exactly, Linda.....little girls aren't really noted for turf
>> battles; this is a little BOYS sport. I think we should rename this
forum
>> "Systems' Analysis"; very little stock or commodity market information is
>> discussed and this handful of the self-appointed elite rarely find
anything
>> or anyone else acceptable.
>
>Okie,
> I agree wholeheartedly. You expessed what was gnawing at me about these
>posts but I couldn't seem to find the right words. By the way, my system is
>bigger and better than yours! <G>
> These endless discussions of whose system is better is like a bunch of
>carpeters sitting around arguing whose tools are bigger and better, yet
they
>never design or build anything.
>
> Anyone have any opinions or analysis on the markets? Wow, now there's
a
>radical idea! If this is too foreign or new for some of you, here is a
>hypothetical example: "I think Palm Oil futures look like a low risk buy
now,
>as they approach their 62% retracement at the xxxx.xx support area based on
the
>previous bull run of the past 21 years. Additionally, 21 years is 1/4 of
the
>84 years Uranus cycle, and I have found Uranus to be closely tied to the
price
>movements of Palm Oil. Given this scenario, I would expect Palm Oil futures
to
>rally to yyyy.yy, generating a potential profit of $zzzz.zz. One can use
a
>small $qqq stop loss on the contingency that the major support is broken.
This
>gives us a very favorable risk reward profile of 10 to 1. Don't let this
one
>slip away. Charts are available at www.notmywebsite.com.
>
>Cheers,
>
> /\/
>\/\/
>
>>
>>
>> In a message dated 4/14/99 12:12:21 PM Central Daylight Time,
>> lswope@xxxxxxxxxxx writes:
>>
>> << Maybe we should call this the Bill and Bob show....they are like two
>> >> little GIRLS....both of them are full of you know what!
>>
>>
>> Hey, I resent that "little girls" remark. It's you boys and your
>> testosterone that are full of you know what!
>>
>> Linda
>> Swope's Mountain Photography >>
>
>
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