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I'm not so sure about that. This 0.382 retracement is a real tug of war in
both price and cumulative net volume, i.e. cum(uvol-dvol). Watchout
whenever the cumulative net volume goes flat after an uptrend or a
downtrend. Right now the sellers are equalling the buyers after the rise
from 3227 just like back in April only this time the decision process is
taking a bit longer. The positive is that the Nasdaq CV is still above its
21 day XMA. The NYA CV has also gone flat after its February low and is a
bit closer to its 21 day XMA. Looks like its time for one of Gitanshu's
straddle plays.
BobR
----- Original Message -----
From: dbis <dbisnath@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 17, 2000 3:35 PM
Subject: [RT] Re: Cramer,....Skeptical of NASDAQ,...Interesting Article
> Absolute LONG signal ...,, SURE THING TO BUY, buy!!!!!!!!
>
> -----Original Message-----
> From: Jpilleafe@xxxxxxx <Jpilleafe@xxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
> Date: Saturday, June 17, 2000 9:19 AM
> Subject: [RT] Cramer,....Skeptical of NASDAQ,...Interesting Article
>
>
> >Found the following article interesting,..thought others might also.
> >In my opinion,..the bottomline,..skepticism and fear are still high here.
> >Despite the move up off late May lows. Such dis-belief (fear) combined
> >with sidelined cash says potential exists for near-term sharp move
higher.
> >Very constructive from a contrary perspecitve. Regards, Jim P.
>
>***************************************************************************
> >Smarter Money: Tempted by Trading Again? Not So Fast!
> >
> >By James J. Cramer 06/16/00 11:41 AM ET
> >
> >Many of you are still reeling from the charnel house that was the peak in
> the
> >Nasdaq earlier this year. You have seen the market stabilize and you are
> >thinking, "Hmmm, maybe I can have another go at it."
> \
>
>
>
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