|
PureBytes Links
Trading Reference Links
|
<x-html>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN"><!doctype html public "-//w3c//dtd html 4.0 transitional//en">
<META content='"MSHTML 4.72.3612.1706"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff bottomMargin=0 leftMargin=3 rightMargin=3 topMargin=0>
<DIV><FONT color=#000000 face=Arial size=2>OEXastro says 785 at the
Jupiter/Neptune aspect in the third harmonic would be the ideal time and price
pivot. Anyone got the ephemeris handy. Looks like
Tuesday/Wednesday. Ok, no more charts tonight, am going to bed with some
data. Life is but a dream. </FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>BobR</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>BobR <<A
href="mailto:bobrabcd@xxxxxxxxxxxxx";>bobrabcd@xxxxxxxxxxxxx</A>><BR><B>To:
</B><A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>
<<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Monday, July 24, 2000 7:53 PM<BR><B>Subject: </B>[RT] Re: Gen: Market
Outlook<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 face=Arial size=2>What Ira says has some merit,
information has to be turned into knowledge from which action can
spring. Considering that the market is a probability action, for
Tuesday Ron's stats give me encouragement to look for a long OEX entry in
the zone of 789 to 790.5. By "looking for" I mean the
advances and declines, up volume and down volume confirm a pivot in the
making and it means taking one or more bullish postures....outright at the
money call, bull call debit spread...buyone sellone, or a put credit
spread or combinations thereof. It would also help if the cboe call
and put trins were showing positive divergence as the zone is entered.
Should price not have accompanying support in the zone then 785 would be the
next entry target. Tuesday's have a probability of starting out weak
and ending strong and also starting out strong and ending weak, i.e.
"turnaroundtuesdaysyndrome". Many talk about end of month
seasonality. Personally I have been burned too often trying to be long
puts in the last week of the month regardless of technicals because of the
sudden reversals within the last 3 to 4 trading days. Timewise the
best time for the reversal would be Tuesday afternoon as it would fit into
the neural pattern.</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>good luck trading,</FONT></DIV>
<DIV><FONT face=Arial size=2>BobR</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original
Message-----</B><BR><B>From: </B>Ira Tunik <<A
href="mailto:ist@xxxxxx";>ist@xxxxxx</A>><BR><B>To: </B><A
href="mailto:bobrabcd@xxxxxxxxxxxxx";>bobrabcd@xxxxxxxxxxxxx</A> <<A
href="mailto:bobrabcd@xxxxxxxxxxxxx";>bobrabcd@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Monday, July 24, 2000 6:34 PM<BR><B>Subject: </B>Re: [RT] Re: Gen:
Market Outlook<BR><BR></DIV></FONT>Right now the Dow is down 9.87% from
its high. The Nasdaq is down 20.23% and the S&P is holding up the
best, down only 4.68%. The interesting thing is that with these
conditions only 34.6% of stocks are above their 10 day moving average
and 57.3% are above their 50 day moving average. All three indexes
are below their 10 day moving averages. These are also very
interesting facts, but not one of them will make you dime in the
market. Ira
<P>BobR wrote:
<BLOCKQUOTE TYPE = CITE> <FONT face=Arial><FONT
color=#000000><FONT size=-1>And, the PCratio series has two out of
three trending into bullish territory. They still need to
finish their trend and reverse, could be any
day.</FONT></FONT></FONT> <FONT face=Arial><FONT
size=-1>BobR</FONT></FONT>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px"><B><FONT
face=Arial><FONT size=-1>-----Original
Message-----</FONT></FONT></B> <BR><FONT face=Arial><FONT
size=-1><B>From: </B>Ronald McEwan <<A
href="mailto:rmac@xxxxxxxx";>rmac@xxxxxxxx</A>></FONT></FONT>
<BR><FONT face=Arial><FONT size=-1><B>To: </B><A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>
<<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>></FONT></FONT>
<BR><FONT face=Arial><FONT size=-1><B>Date: </B>Monday, July 24,
2000 5:02 PM</FONT></FONT> <BR><FONT face=Arial><FONT
size=-1><B>Subject: </B>[RT] Gen: Market Outlook</FONT></FONT>
<BR> Attached is a gif of the "NorPrOV" (Normal
Probability Plot of Oex /Vix Price Change Residuals). As
indicated by the large yellow dot in the lower left quadrant,
this indicator has just entered the "Buy Zone". This
indicator has only registered 5 other readings lower then todays
in the last 50 days. All of which were good indications of short
term reversals of the OEX to the Up side. disclaimer
stuff:this indicator is proprietary (so don't ask)this is not a
trading recommendationthis is for informational purposes onlyit
only represents one of an infinite number of market
outlooks. </BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>
Attachment Converted: "f:\eudora\attach\OEXastro2.gif"
|