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[RT] RE: Re: MKT - INDU

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<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=340160814-27092000>Bob - 
</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=340160814-27092000></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=340160814-27092000>I am 
not trying to get into a pissing match with Dom; I am merely giving my opinion. 
Ben has clarified the view, and I am s-t constructive on the market as well -- 
albeit very short term (as in less than two weeks). </SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=340160814-27092000></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=340160814-27092000>I do 
not toss out anybody's view. I am always happy to learn something new. However, 
tossing out my view, which is what you seem to be doing, makes as much sense as 
tossing out Dom's. My record on this list has certainly been pretty good here as 
you know.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=340160814-27092000></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=340160814-27092000>Steve</SPAN></FONT></DIV>
<P><FONT size=2>---<BR>Steven W. Poser, President<BR>Poser Global Market 
Strategies Inc.<BR><A href="http://www.poserglobal.com/"; 
target=_blank>http://www.poserglobal.com</A><BR>swp@xxxxxxxxxxxxxxx<BR>Tel: 
201-995-0845<BR>Fax: 201-995-0846</FONT> </P>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
  <DIV align=left class=OutlookMessageHeader dir=ltr><FONT face=Tahoma 
  size=2>-----Original Message-----<BR><B>From:</B> listmanager@xxxxxxxxxxxxxxx 
  [mailto:listmanager@xxxxxxxxxxxxxxx]<B>On Behalf Of </B>BobR<BR><B>Sent:</B> 
  Wednesday, September 27, 2000 9:20 AM<BR><B>To:</B> 
  realtraders@xxxxxxxxxxxxxxx<BR><B>Subject:</B> [RT] Re: MKT - 
  INDU<BR><BR></DIV></FONT>
  <DIV><FONT face=Arial size=2>Dom indicated to me in an email a few days ago 
  that he is using a modification of ADX and has been trading for decades and 
  has a cpa background.&nbsp; He falls into the Ben Proffit Taker level of 
  experience so I would not&nbsp;toss out his view without a bit more 
  information.&nbsp; Perhaps he will share his modification with 
us.</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>BobR</FONT></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> 
    Steven W. Poser 
    </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> Wednesday, September 27, 2000 
    6:02 AM</DIV>
    <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] RE: Re: MKT - INDU</DIV>
    <DIV><BR></DIV>
    <DIV><FONT color=#0000ff face=Arial size=2><SPAN class=800465212-27092000>I 
    would not use ADX in that way at all. Note that DI- has been above ADX 
    almost every day since February in the Comp. The trend there has been flat 
    to down for the whole period. All you can say about DI- moving above ADX is 
    that there is risk that the current trend is extended a bit and that we need 
    to go sideways. However, remember that ADX is very smoothed. Most of the 
    increase in ADX occurred due to the rally in August/September. If anything, 
    right now, the indicator is telling us that we can go sideways, but a turn 
    down in ADX now would mean that the BULLISH cycle is weakening, not the 
    bearish.&nbsp; Furthermore, weekly ADX is near 10, saying the big picture 
    still shows no trend. I'd stand up and take notice when that starts moving 
    higher. I fear that it could be to the down side.</SPAN></FONT></DIV>
    <P><FONT size=2>---<BR>Steven W. Poser, President<BR>Poser Global Market 
    Strategies Inc.<BR><A href="http://www.poserglobal.com/"; 
    target=_blank>http://www.poserglobal.com</A><BR>swp@xxxxxxxxxxxxxxx<BR>Tel: 
    201-995-0845<BR>Fax: 201-995-0846</FONT> </P>
    <BLOCKQUOTE style="MARGIN-RIGHT: 0px">
      <DIV align=left class=OutlookMessageHeader dir=ltr><FONT face=Tahoma 
      size=2>-----Original Message-----<BR><B>From:</B> 
      listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]<B>On 
      Behalf Of </B>Dom Perrino<BR><B>Sent:</B> Wednesday, September 27, 2000 
      8:41 AM<BR><B>To:</B> 
      &lt;realtraders@xxxxxxxxxxxxxxx&gt;<BR><B>Subject:</B> [RT] Re: MKT - 
      INDU<BR><BR></DIV></FONT>
      <DIV><FONT face=Arial size=2>The adx is confirming your observation. It is 
      just about to go above the -d line.This is an indication that the trend 
      that was underway is about to terminate.I bought QQQ yesterday near 
      closing price.With this market I will not get greedy.</FONT></DIV>
      <DIV><FONT face=Arial size=2>Dom&nbsp;</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:bobrabcd@xxxxxxxxxxxxx"; 
        title=bobrabcd@xxxxxxxxxxxxx>BobR</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 27, 2000 
        8:05 AM</DIV>
        <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] MKT - INDU</DIV>
        <DIV><BR></DIV>
        <DIV><FONT face=Arial size=2>So far&nbsp;the INDU is exhibiting 
        classical Bollenger Band action.&nbsp; INDU closed below the lower band, 
        made a trip back inside, retested the lower band from the inside.&nbsp; 
        A trip to the center band at 11,000 is the next move.&nbsp; 
</FONT></DIV>
        <DIV>&nbsp;</DIV>
        <DIV><FONT face=Arial size=2>Don't stay bearish too long 
GB,</FONT></DIV>
        <DIV><FONT face=Arial 
  size=2>BobR</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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