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Aha -- then I agree wholeheartedly. I am short-term bullish too and big
picture bearish. I am not sure about 11K or not, though that is not
outlandish at all.
Thanks.
Steve
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
-----Original Message-----
From: Proffittak@xxxxxxx [mailto:Proffittak@xxxxxxx]
Sent: Wednesday, September 27, 2000 10:00 AM
To: swp@xxxxxxxxxx; realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] RE: Re: MKT - INDU
In a message dated 9/27/00 9:07:43 AM Eastern Daylight Time, swp@xxxxxxxxxx
writes:
<< 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. 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.
--- >>
hello
you miss understood what Mr. perinea is saying
he is just short term bullish
(day trade)
Best regards,
Ben
p. s Mr. perino is VERY bearish on the market overall
(intermediate and long term)
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