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<DIV><FONT size=2>Jim, et al - Note that Greenspan tagged the markets tonight.
EMinis fell as much as 24 points! Now down 12. We are set up for a lower open
and should take out yesterday's lows giving us five waves down intraday from
1339. Could get outside reversal higher after that. Unfortunately, I see this as
wave-1 of wave-5 targeting S&P 500 cash in the 1200/1150 range. We also have
to get thru PPI at 8:30.</FONT></DIV>
<DIV><BR>---<BR>Steven W. Poser, President<BR>Poser Global Market Strategies
Inc.</DIV>
<DIV> </DIV>
<DIV>url: <A
href="http://www.poserglobal.com";>http://www.poserglobal.com</A><BR>email: <A
href="mailto:swp@xxxxxxxxxxxxxxx";>swp@xxxxxxxxxxxxxxx</A></DIV>
<DIV> </DIV>
<DIV>Tel: 201-995-0845<BR>Fax: 201-995-0846</DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Jim White </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxx>realtraders@xxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, October 14, 1999 8:58
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> DJIA update</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>On Tuesday, 10/12, I posted that although my next
DJIA turn point was forecasted for 10/21 (next Thursday), my shorter term
analysis was signaling the possibility of a 2 to 3 day down move. Today's
action confirmed the potential for an upday tomorrow. The shorter term
analysis indicated more DOW stocks likely to turn up tomorrow than down. The
count was about Evan for today.</FONT></DIV>
<DIV><FONT face=Arial size=2>There are 17 DOW stocks in confirmed downtrends.
Ten of those showed an up close today, often a precursor to a reversal. If a
reversal does occur tomorrow it would be a bullish reversal for 7 of these
bearish stocks, perhaps signaling some bottoming potential for this downturn.
Also adding evidence for a reversal tomorrow was my intraday volume
indicator signaling accumulation beginning and a sell off in
gold.</FONT></DIV>
<DIV><FONT face=Arial size=2>If the reversal occurs tomorrow, the short
term analysis would then agree with the long term, calling for a reversal on
10/21-22. The key will be tomorrows action and close. If Thursday's high is
taken out with a second higher close, expect a top to occur on 10/21-22. If
tomorrow is an inside day or a lower close then this would appear to be a
hesitation with continued weakness next week to 10/21-22.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Jim White<BR>PIVOT Research & Trading
Inc.</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Oct 14 20:25:46 1999
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Message-ID: <004801bf16b4$a4626760$4731bccc@xxxxxxx>
Reply-To: "Steve Karnish" <kernish@xxxxxxxxxxxx>
From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
To: "List" <realtraders@xxxxxxxxxxxx>, "Larry Muir" <trdoptions@xxxxxxxxxxx>
References: <19991015010730.84192.qmail@xxxxxxxxxxx>
Subject: ARe: Goldposts
Date: Thu, 14 Oct 1999 19:26:06 -0700
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Status:
Larry sez:
"Me, I like all the info I can get, then I can try to put the puzzle
together. This is some of the best info out
there. If you have something intelligent to share, go for it."
Steve sez:
Larry reminds me of the Dallas Cowboy cheerleaders. They jump up and down
on the sidelines and think they are actually doing something worthwhile.
Meanwhile, the girls tell everyone that they saw the whole game from "down
there on the field".
Bottom line: I hate shills. Especially, pseudo intellectual "pitches"
about how much something is going to help me. This is NOT the best
information out there. We all know where to get it now LARRY (you dig?), so
stop SOLICITING. I trade gold or silver almost everyday. If anyone thinks
the "funnymentals" are going to help you to"put the puzzle" together: YOU
ARE TOO DUMB TO BE CONTRIBUTING TO THE LIST. The only intelligent thing I
have to say is: "the best information in the world becomes discounted in the
price".(period)
Go team go, rah rah rah,
Steve Karnish
Cedar Creek Trading
http://www.abbracadabra.com/cybercast
----- Original Message -----
From: Larry Muir <trdoptions@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: Thursday, October 14, 1999 6:07 PM
Subject: Re: Goldposts
> I found out about www.lemetropolecafe.com by watching CNBC. They were
> interviewing a guest on their show and the web site was given.
>
> There was a cafe in Paris by the same name and some of the top
intellectuals
> in the world would go there and discuss world affairs ie the stock market,
> economics etc.. This web site does the same thing.
> If you know some other sites where intelligent discussion takes place I
> would like to know. It is far far above the level of discussion seen here
> most of the time. I read a lot and it is rare to find discussion at that
> level.
> some of the top people in the world in these fields discuss these things.
It
> is really interesting to say the least, and it gives you insight you can
use
> to invest etc.. I went to the site and you can get a 14 day free trial to
> access the site which I did. They send me email daily on gold usually.
Free
> of charge...no charge. I have been sharing some of this info because I
> found it well written, interesting, informative, exciting, etc. I enjoy
> reading this stuff. I have been a trader and an analyst for about 12
> years,(you have to be an analyst to be a trader) I use technical analysis
> only usually, I trade my own account only. I am an armchair economist
and
> enjoy reading about the market, economics etc.. Probably some people
aren't
> interested in these things. It puzzles me when people don't like reading
> this stuff. Also this comes from some of the best minds out there,
anybody
> should feel lucky they can read this stuff, it is better than reading
boring
> stuff from unintelligent people . Me, I like all the info I can get,
then
> i can try to put the puzzle together. This is some of the best info out
> there. If you have something intelligent to share, go for it.
>
> This is about trading or I wouldn't be interested.
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com
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