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Dear Ben,
Please clarify.If you would buy at 1.1 and 2.1 % above yesterday's low
you
would buy around 1325 and 1338 and sell at yesterday high of
1330.8?Also does not seem to correlate with buy on weakness
statement.
What am I missing?
John
------------------ Reply Separator --------------------
Originally From: Proffittak@xxxxxxx
Subject: Re: /sp500
Date: 09/23/1999 06:51am
In a message dated 9/23/99 6:49:02 AM Eastern Daylight Time,
Proffittak
writes:
<< In a message dated 9/23/99 4:33:38 AM Eastern Daylight Time,
JSessi5941
writes:
<< Ben
can you share a good way of projectiing the next dayS range (hi and
low)
thanks
James >>
hi
it is very complicated and uses many rules
example is today
sp500 should be bought on a sell off if any
i would buy 1@ 1.1% above yesterdays low and secound @2.1%
above
yesterdays low,, and sell both@xxxxxxxxxx hi ,,
reason
a: volume acumilation on my lotus
b: we went yesterday to a lower low on dow and sp yet there was
LESS
new low,,
c:mcllullen osc on a/d line is oversold
d:trin is close to oversold
e:vix is close to a buy
the only fly in the ointment is yesterday was a bad day,, ie up
on sp
with
MORE down volume then up volume
so,, AFTER it tests the low successfuly and rebunds 1.1% from the
low i
will buy for a day trade with stop@xxxxxxx,,
as for overall mkt picture
mkt is VERY sick
it probabbly will make a new hi 2-3 indecis by 10/3
but that would be a liftime oppertunity for SHORTS ,, PUTS
and selling calls
hope this helps
Ben >>
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