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<DIV><FONT size=3>Hi- </FONT></DIV>
<DIV>I was wondering if there are any other traders in the forum who live in the
Las Vegas area and would be interested in getting together periodically to
discuss ideas and so forth. I have 15 years experience, started as a
broker to eventually a full time self-employed trader. If interested please
e-mail me privately at rlopes@xxxxxxx.</DIV>
<DIV> </DIV>
<DIV>Sincerely,</DIV>
<DIV> </DIV>
<DIV>Randy Lopez</DIV></BODY></HTML>
</x-html>From ???@??? Fri Aug 27 12:19:30 1999
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Date: Fri, 27 Aug 1999 11:11:21 -0700
To: "Earl Adamy" <eadamy@xxxxxxxxxx>, "realtraders" <realtraders@xxxxxxxxxxxx>
From: Alexander Levitin <alevitin@xxxxxxxx>
Subject: Re: DOW
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Dear Earl:
I agree with you that if we did make a "good bottom" with need to retest
it. The successful retest would be a prove that we made the "good bottom".
Please, also notice that the length of the run up from the "suspected"
bottom is consistent with other recent runs from the "good" bottoms. But if
we put "another leg up" after the retest, that would make the "suspected"
bottom not only "good" but the "bottom of significance".
And for now all we can do is to wait and see. That is a major activity of
the trader.
Waiting Alex.
At 09:24 AM 8/27/99 -0600, Earl Adamy wrote:
>I think one must be both flexible and patient here. While the longer trend
>is up, I don't think we put in a good bottom on the last decline nor have we
>retested it, so I've been watching for a good short trade setup; however I
>haven't seen anything where I like the risk reward. Based on what I've seen,
>I would not be surprised to see a short pullback followed by another leg up
>before we get a real decline.
>
>Worthy of notice is the bonds break above a very tight series of trendlines
>drawn across pivot highs since the October high. The collection of lines
>turned rallies away 6 times before breaking and should provide some
>significant support to bond prices.
>
>----- Original Message -----
>From: Ira Tunik <ist@xxxxxx>
>To: realtraders <realtraders@xxxxxxxxxxxx>
>Sent: Friday, August 27, 1999 7:28 AM
>Subject: DOW
>
>
>> The following was posted on Aug 14th and the current chart is attached.
>> Ira.
>>
>> There have been numerous prognostications as to where the Dow is
>> going. The attached chart indicates a trading channnel. The Dow will
>> not make a mojor move to the down side until that trend line is broken.
>> If there is a 160 point drop in the dow there is an 80% probability of
>> the dow dropping another 140 points. That would still leave it above
>> the trend line. The first target to the upside has been met at 10950 and
>>
>> there is a 70% probability that it will reach 11,130. Resistance should
>>
>> occur between 11100 and 11150. and a retracement of this up move could
>> take place. Now that I am hanging out all the way, let us see what
>> happens. You will notice that I am looking in both directions for a
>> trade. Unidirectional thought can cost a lot of money. Have a good
>> week end. Ira
>
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