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<font size=3>John - Could you forward this to the list since I am not
entitled from this<br>
email and do not wish to get realtraders comments here (I aggregate my
other<br>
email on to here, so I'd get everything twice).<br>
<br>
Thanks, Steve Poser<br>
<br>
I am just slightly amazed that everybody seems to have the same Elliott
count<br>
- that yesterday was not a bottom. Earl and Gwen and John do not need me
to<br>
concur with them, but I do. <br>
<br>
One problem with patterns that look too similar is, as Earl pointed out,
they<br>
may look the same, but they might not really be the same at all. The bar
sizes<br>
might be much different, especially on a percent basis. One sharp down
bar<br>
might have taken place in reaction to bad news, another seemingly on thin
air.<br>
One on low volume, one on strong.<br>
<br>
While I am much more inclined to go with patterns than indicators, or
anything<br>
else since price is the only thing we are marked to market on, a
simple<br>
similarity between a couple of events is not enough -- especially if the
wave<br>
counts do not add up.<br>
<br>
Steve Poser<br>
<br>
"G.John Boggio" <boggio@xxxxxxxxx> wrote:<br>
<br>
> --------------------------------------------- <br>
><x-tab> </x-tab>Attachment:
<br>
><x-tab> </x-tab>MIME Type:
multipart/alternative <br>
> --------------------------------------------- <br>
Realtraders,<br>
<br>
I am 'sort of' in agreement as to what Earl wrote.
Recent early morning <br>
rallies are giving way to late afternoon selling. Typically, you
need to <br>
get a climatic early morning selloff (200, 300 even 400 points in todays
<br>
market (Dow)) followed by an afternoon rally before a strong bottom can
form.<br>
<br>
Currently the S&P Cash is trading at 1390.90 (3:41 et)
and is testing <br>
the lows of January 5th. Additional Fibonacci support also rests in
this <br>
area but some of my other indicators and oscillators are suggesting that
<br>
this low will NOT hold. As such, I am expecting a continued quick
down <br>
move to the 1350 - 1358 on the Cash over the next few days.
Further, there <br>
is some great symmetrical support at the 1300 level in this index.
Thus <br>
any climatic selling should subside in a 'worst case scenario' at that
1300 <br>
level +/- 37 points from that mark.<br>
<br>
Just some thought,<br>
John Boggio<br>
<br>
At 09:06 AM 1/27/2000 -0700, Earl Adamy wrote:<br>
>Interesting patterns, however differences in breadth patterns coupled
with <br>
>my current wave counts (all sessions) suggest a little rally falling
short <br>
>of 1448 followed by one more leg down which should take out the 05Jan
low, <br>
>probably no lower than 1368. I'm looking for this to happen before
08Feb <br>
>and if the breadth models turn up, I will be looking for a very nice
<br>
>rally. A close above 1448 would suggest to me that the correction is
over <br>
>and that a major rally should follow.<br>
><br>
>Earl<br>
>>----- Original Message -----<br>
>>From:
<mailto:kernish@xxxxxxxxxxxx>Steve
Karnish<br>
>>To: <br>
>><mailto:realtraders@xxxxxxxxxxxxxxxxxxxxxxxx@metastock.com>realtraders@xxx
<br>
>>ltraders.commetastock@xxxxxxxxxxxxx<br>
>>Sent: Thursday, January 27, 2000 8:17 AM<br>
>>Subject: [RT] deja vu all over again?<br>
>><br>
>>List,<br>
>><br>
>>The patterns "begged" for comparison. This was my
post to my site last <br>
>>night.<br>
>><br>
>>Steve Karnish<br>
>>Cedar Creek Trading<br>
>><http://www.cedarcreektrading.com<br>
<br>
<br>
<br>
____________________________________________________________________<br>
Get your own FREE, personal Netscape WebMail account today at
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</font></html>
</x-html>From ???@??? Fri Jan 28 09:00:49 2000
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Reply-To: "charles meyer" <chmeyer@xxxxxxxx>
From: "charles meyer" <chmeyer@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Re: Latest numbers
Date: Fri, 28 Jan 2000 10:51:40 -0600
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Group:
Yeah, my premium also increased by 40% so I am switching to
a high deductible. Was told part of this problem is due to
MediCare.
Chas
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Friday, January 28, 2000 9:18 AM
Subject: [RT] Re: Latest numbers
>The jump in ECI benefit costs should not be a surprise to those buying
>their own health insurance ... I was socked with 40% increase last year
>followed by 44% increase this year ... switched to another plan which
>had "only" 11% increase this year. Employers are screaming about health
>benefit costs. Bottom line is that the HMO/PPO/Insurance companies
>squeezed the doctors and hospitals to cut rates, doctors and hospitals
>have done nothing to increase efficiency, doctors and hospitals are now
>pushing back. Not to mention the US prescription drug costs which are
>rising rapidly and are the highest in the world ... I need only visit a
>pharmacy across the border in Mexico (or Canada for that matter) to see
>the extent to which US consumers are being gouged. Worse yet, the 40+%
>of US population which can not afford healthcare and drug coverage is
>being charged full retail prices for healthcare and drugs - 40%-100%
>higher than the discounted prices paid by HMO/PPO/Insurance companies.
>
>Earl
>
>----- Original Message -----
>From: "Gwenael Gautier" <ggautier@xxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Friday, January 28, 2000 6:46 AM
>Subject: [RT] Latest numbers
>
>
>> Of course todays numbers were strong, what else did we expect? This
>was
>> 99! Remember the Q4 stock market euphoria?
>>
>> I venture to think these are the peak growth numbers, from here on
>they
>> should cool of. However for inflation, of course this will keep
>feeding
>> through, I suppose. So the next numbers might be further inflationary
>> but less growth. Not what the Fed ordered. Maybe after we'll have a
>50bp
>> hike now, as time is running out to do something significant before
>> elections get into full speed.
>>
>> thinking out loud
>>
>> Gwenn
>>
>>
>>
>>
>
>
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