|
PureBytes Links
Trading Reference Links
|
<x-html>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
<META content="MSHTML 5.00.2920.0" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT face=Arial size=2>Buy signal on the Nasdaq huh ?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>You should be on CNBC, as a special
guest.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:domenick@xxxxxxxxxxxx"; title=domenick@xxxxxxxxxxxx>Dom
Perrino</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:<realtraders@xxxxxxxxxxxxxxx"
title=realtraders@xxxxxxxxxxxxxxx>mailto:<realtraders@xxxxxxxxxxxxxxx</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, September 21, 2000 8:53
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: Buy Signal Given on
Nasdaq</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>The rally by the Dow Jones that occured today and
that I I referred to in the post of 9/20 was very weak and not the strong
rally that should result from an extremely oversold condition . This coupled
with the fact that the Dow Jones failed to give a buy signal to confirm the
buy signal given on the Nasdaq and the overreaction on the Intel
warning does not bode well for the market. A waterfall decline that could
carry into next week is a very probable scenario.I was very carefull in
highlighting the importance of a buy signal by the Dow Jones to validate the
Nasdaq signal.</FONT></DIV>
<DIV><FONT face=Arial size=2>The Intel Warning will be the straw that will
terminate ? the slide that started on 9/1/00.I call the shots here as they are
and not as I would like them to be.It's ironic I went long intel
today.</FONT></DIV>
<DIV><FONT face=Arial size=2>Regards,</FONT></DIV>
<DIV><FONT face=Arial size=2>Dom</FONT>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:domenick@xxxxxxxxxxxx"; title=domenick@xxxxxxxxxxxx>Dom
Perrino</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, September 20, 2000
7:58 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Buy Signal Given on
Nasdaq</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>A buy signal was given on Nasdaq as of close on
9/19/00. QQQ(Nasdaq 100 Trust) confirmed buy as of close
today(9/20/00).</FONT></DIV>
<DIV><FONT face=Arial size=2>Dow Jones has not yet given a buy signal. A
close by the Dow above 10825 is one of the necessary elements. .So
watch for that figure. If my other indicators confirm I will post the buy
signal on the Dow if and when it comes.One of my proprietary indicators of
the Dow still does not look good. The Dow is extemely oversold and a good
rally could ensue at any time.Act accordingly. </FONT></DIV>
<DIV><FONT face=Arial size=2>A buy signal on Nasdaq not accompanied by abuy
signal on the Dow Jones calls for extra caution even if one trades Nasdaq
only.</FONT></DIV>
<DIV><FONT face=Arial size=2>Remainder: Although the signals rendered by
various technical indicators are quite reliable. We have to remind
ourselves(yours truly included) that no indicator(s) are infallible nor can
they predict the markets with certainty.Therefore we must all proceed with
caution. </FONT></DIV>
<DIV><FONT face=Arial size=2>Dom.
</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>
|