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Probabilities are definitely on your side except for one and that is the
expiration seesaw that has nothing to do with anything except the game of
capture the corner on the teenies and make a fortune. Anyother week
Thursday should be down, not so sure about this one though. That Urnaus
priceline formerly resistance should be support or we can blame it on
Norman, just kidding Norm.
BobR
-----Original Message-----
From: Joe Frabosilio <joe6964@xxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Cc: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Wednesday, July 19, 2000 9:02 PM
Subject: [RT] Re: MKT - OEXastro
>Hi Bob,
>
>I don't know if a rally will start anytime soon. Mr. Greenspan will speak
>tomorrow, then initial claims are reported on Friday @ 8:30am EST. So, I
think
>traders will sit on the sidelines until everything is said and done. Plus,
>being Friday no-one will hold over the weekend. So by the middle of next
week
>(7/27), we should see movement in the markets, looking upward.
>
>Jupiter, Sun, Moon and Neptune are very active on the last week of July.
This
>should be good for many sectors, Retail, Metals, consumer goods, soft
drinks &
>Gas issues.
>
>I agree that short-term indicators show over sold in many tech issues.
I'll sit
>and wait.
>
>TradeWell,
>Joe Frabosilio
>
>BobR wrote:
>
>> Now that astro is back in style with beans, how about equities. Norman
>> commented a short while back about Mercury going direct. Looks like that
is
>> about to happen. OEX is pretty close to heavy planet support at Uranus
>> 799.75 just as Mercury is turning up. Adding a bit of traditional tech
with
>> the Stochastic
>> RSI so as to keep the feet on terra firma, a pullback to 60 or 50 or 40
on
>> the Stoch RSI would still keep the bullish trend from the May lows
intact.
>> That High three bars back was right on the Mercury price line at point Y
as
>> well as at the time of the intersection of the Sun/Earth line and the
North
>> T Node at point X. So the stars tell me the correction of the rally from
>> the late June low at point Z should be over today or Thursday morning,
maybe
>> a rally will even start on Globex tonight.
>>
>> BobR
>>
>> -----------------------------------------------------------------------
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>> Name: OEXastro.gif
>> OEXastro.gif Type: GIF Image (image/gif)
>> Encoding: base64
>
>
>
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