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[RT] Re: NYSE Breadth model - longer term view



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Here is another look at something similar to what Bob
showed in the probability display except that this
projects (on daily data) a considerably longer estimate
and also shows some past history.

My guess would be that we are going to overrun the
lower red line by a bit!

Clyde

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----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, July 18, 2000 08:25
Subject: [RT] Re: NYSE Breadth model - longer term view


> One last chart this morning and I'll go back to some R&D.  So, if the
> perceived bias is down short term, how far is down.  One technique I
have
> become fond of is a variation of Don Fishback's Odds cones as
implemented in
> MetaStock.  For Tuesday the first downside target is for an average
day, 811
> to 812.  Should things get a bit heavy on the negative breadth side
then 803
> to 806 would be the range.  Since the OEX likes 5 point demarcations
> especially during E week, then 810 and 805 would be the probable
targets to
> flirt with, over/under a few points.
>
> BobR
>
> ----- Original Message -----
> From: <Jpilleafe@xxxxxxx>
> To: <bobrabcd@xxxxxxxxxxxxx>
> Sent: Tuesday, July 18, 2000 5:51 AM
> Subject: Re: [RT] Re: NYSE Breadth model - longer term view
>
>
> > In a message dated 7/18/00 5:49:44 AM Pacific Daylight Time,
> > bobrabcd@xxxxxxxxxxxxx writes:
> >
> > << the five day statistical volatility is at low enough level that
> >  we could easily see a rather large move soon.
> >   >>
> >
> > Morning Bob,...Any personal bias insofar as to what the direction of
such
> a
> > move might be,...UP or DOWN?....Thanks,...good day.  JIM Pilliod
> >
>


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