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The Commentators will say anything to keep this market moving up. Every
time there is a drop in the dow they get Patabaglio on there to tell
everyone how great everything is and that this is just a buy opportunity.
If there is any bad news you can count on Maria, Pisani, etc, to keep quite
about it until there is no other choice but to announce it, After the market
has tanked.
Kohath
----- Original Message -----
From: Howard Hopkins <hehohop@xxxxxxxxxxx>
To: <iceman_nrg@xxxxxxxxx>; <realtraders@xxxxxxxxxxxx>
Sent: Tuesday, August 17, 1999 10:55 AM
Subject: Re: GEN: Market Direction
> RT's,
>
> Does anyone else use the contrarian indicator of Maria Bartaroma/Mark
Haines
> on CNBC? If we have had strong moves up or down and then get a strong gap
> in the direction of the previous move you can trade counter to
Maria/Mark's
> extreme optimism or pessimism.
>
> The CNBC indicator (Maria/Mark) coupled with the market's reaction to HWP
> good earnings were a great contrarian indicator. I sold 1346.7 at
9:48am...
> to bad I covered at 1344.70 on a stop I moved down too close.
>
> Good trading,
> Howard
>
>
> >From: Johnny Storm <iceman_nrg@xxxxxxxxx>
> >To: Real Traders <realtraders@xxxxxxxxxxxx>
> >Subject: GEN: Market Direction
> >Date: Tue, 17 Aug 1999 05:04:11 -0700 (PDT)
> >
> >Hey RT's
> >
> >I don't know about you all, but my gut feeling is the market is setting
> >up for a fall. My long term indicators have gone "bearish" (5/6) and
> >my short term bias for today is "down".
> >
> >We had three market Bias indicators on TRADEHARD.com pointing downward,
> >plus my own indicators (3/5). I am curious is anyone reading the
> >market like this today.
> >
> >Ochoa (Hedgefund Manager) went short yesterday and is looking for a
> >target of 1325 in the next couple of days.
> >
> >
> >So, for the day I will be looking for short trades on the 5 minute
> >bars.
> >
> >JS
> >
> >_________________________________________________________
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> >Get your free @yahoo.com address at http://mail.yahoo.com
> >
> >
>
>
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