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Re: [RT] H&S line in the sand

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<DIV><FONT face=Arial size=2>No cliche's from me today.&nbsp; Am just 
flabergasted by how some of the stuff developed over the years is hitting 
bullseyes for price targets.&nbsp; The old WinMidas on the DOW has been looking 
at 10030 today.&nbsp; Yesterday the Sigma cones came within 0.4x of the OEX 
low.&nbsp; </FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>BobR</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:onwingsofeagles@xxxxxxxxxxxxx"; 
  title=onwingsofeagles@xxxxxxxxxxxxx>Gitanshu Buch</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:realtraders@xxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, October 12, 2000 12:52 
  PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] H&amp;S line in the 
  sand</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=Arial size=2>It would be fundamentally dangerous to step up to 
  the plate and buy until the big mutual funds (Fido, Janus et al ex-Vanguard) 
  are wound down with their fiscal yearend selling - which would mean around the 
  last week of Oct.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>A matter of supply overwhelming 
  demand.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>Would match recent historical patterns anyway - 
  and as Bob$R will soon remind us from Traders Almanac or some such nugget he 
  must have filed away - in by Thanksgiving out by Easter is even 
  better.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>So one assumes that before Thanksgiving is not a 
  good time to buy dips unless one has the depth of the pockets and the patience 
  of the cheetah.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>I guess not this year unless the Yankees win the 
  Pennant... but that is another story about correlating unlikely slopes of the 
  trajectory of motion....</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>Of course, 34 and 55 trading days from the sep 1 
  spx peak are coming up.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>Gitanshu</FONT></DIV>
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    <DIV><FONT face=Arial size=2>But mixing technicals with fundamentals is not 
    good in most people's books, so anyone got some thoughts they'd care to 
    share?</FONT></DIV></BLOCKQUOTE><BR><BR><TT>To 
  unsubscribe from this group, send an email 
  to:<BR>realtraders-unsubscribe@xxxxxxxxxxx<BR><BR></TT><BR></BLOCKQUOTE>
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