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[RT] Re: Buy Signal Given on Nasdaq



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<DIV><FONT face=Arial size=2>sorry, I did not see any technical analysis in your 
post.</FONT></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:jptaylor@xxxxxxxxxxxxxxx"; title=jptaylor@xxxxxxxxxxxxxxx>James 
  Taylor</A> ; <A href="mailto:Realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>Realtraders@xxxxxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 22, 2000 9:31 
  AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] Re: Buy Signal Given on 
  Nasdaq</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=Arial size=2>I base my signals on technical analysis not on 
  gut feeing.If anyone bases their buy/sell signals on gut feeling then I agree 
  with you . I will see if I can locate my posting on 09/01/00 where I cited 
  just a few of them. It seems unnecessary to me to post indicators every time 
  .Most technicians use the same indicators that they prefer ( over other 
  indicators used by other technicians).Technical analysis is an art not a 
  science. You don't discard them if they don't catch exact tops or bottoms.When 
  I get a signal on the Dow Jones that signal applies applies to the entire 
  stock market It represents a change in trend A signal given only by the Nasdaq 
  needs a follow up Confirming signal by the Dow Jones. I explainrd this in the 
  recent posting. Read the print not just the Heading.</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:jptaylor@xxxxxxxxxxxxxxx"; 
    title=jptaylor@xxxxxxxxxxxxxxx>James Taylor</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>To:</B> <A 
    href="mailto:domenick@xxxxxxxxxxxx"; title=domenick@xxxxxxxxxxxx>Dom 
    Perrino</A> ; <A href="mailto:Realtraders@xxxxxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxxxxx>Realtraders@xxxxxxxxxxxxxxx</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 22, 2000 11:27 
    AM</DIV>
    <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] Re: Buy Signal Given 
    on Nasdaq</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=Arial size=2>Key support levels are not broken on the 
    Nasdaq, we still have higher lows.</FONT></DIV>
    <DIV><FONT face=Arial size=2>Until these levels are taken out, I will not 
    short the index futures.</FONT></DIV>
    <DIV><FONT face=Arial size=2>Instead, I am short a ton of individual 
    stocks.&nbsp; The advance/decline line is heading steadily 
    lower,</FONT></DIV>
    <DIV><FONT face=Arial size=2>clearly indicating the fact that more stocks 
    are going down than up.&nbsp; It's a numbers game,</FONT></DIV>
    <DIV><FONT face=Arial size=2>diversify, and short a basket of stocks, each 
    of which is in a clear downtrend, use trailing stops, and take profits on 
    large overextended drops.&nbsp; This recipe has worked well so far for 
    me.&nbsp; Can't wait to short the Nasdaq index, US dollar 
index.</FONT></DIV>
    <DIV><FONT face=Arial size=2>Am </FONT><FONT face=Arial size=2>short a few 
    US T-Bonds.&nbsp;&nbsp; Blurting that it is 'a buy signal' for a index based 
    on nothing but gut feel opinion does nobody any good, CNBC is a great source 
    for such nonsense.</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV>&nbsp;</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>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
      <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 22, 2000 5:17 
      AM</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>You sound like you have been a regular quest. 
      Perhaps you can tell us when to go long or short the market.</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:jptaylor@xxxxxxxxxxxxxxx"; 
        title=jptaylor@xxxxxxxxxxxxxxx>James Taylor</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> Friday, September 22, 2000 
        4:35 AM</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>Buy signal on the Nasdaq huh ?</FONT></DIV>
        <DIV>&nbsp;</DIV>
        <DIV><FONT face=Arial size=2>You should be on CNBC, as a special 
        guest.</FONT></DIV>
        <DIV>&nbsp;</DIV>
        <DIV>&nbsp;</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:&lt;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&nbsp;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.&nbsp; .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.&nbsp;</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.&nbsp;</FONT></DIV>
            <DIV><FONT face=Arial size=2>Dom.&nbsp; 
        </FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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