Re: [RT] Re: chart formations

["Dom Perrino" <domenick@xxxxxxxxxxxx>]

Hi Bob, sorry for not getting back to you sooner. 
had to leave right after your message came in. I haven't researched your good 
question ,and although some instruments came to mind immediately I think the 
question deserves some further thought on my part , additionally a question that 
I am not sure of and coming from someone who I have high regard for does not 
deserve a top of the head response even though that top of the head response 
might turn out to be correct. Incidentally, there is an indicator I am compiling 
now that I believe
 
 will come very close to
 "The Holy Grail" that we are all looking 
for ---          I 
will keep in touch with you on this one for back testing and also with Ben for 
backtesting                                 
- Original Message ----- 
Dom
<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">From: 
  BobR 
  
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx 
  Sent: Sunday, October 15, 2000 10:57 
  AM
  Subject: Re: [RT] Re: chart formations 
  
  
  Of the tradeable instruments, which do you 
  believe are the least affected by arbitrage, exercising etc. that a newbie 
  could trade with lower risk?
   
  BobR
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Dom 
    Perrino 
    To: <A 
    href="mailto:realtraders@xxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx 
    Sent: Sunday, October 15, 2000 6:58 
    AM
    Subject: [RT] Re: chart formations 
    
    
    We now are at a critical point in the 
    market.Since I was out most of the week, I spent some time reading the 
    postings. One post reminded me of an old saying I used to use when 
    someone was learning technical analysis and that is "to participate rather 
    than anticipate" . We have to do our homework and figure where we think 
    the market is going.But then we have to be flexible and let the market do 
    the talking.The reason I mention this at this time is that regardless of 
    whether we are in a bear market or bull market , there are very strong moves 
    against the primary trend which are worthwhile trading opportunities.One 
    appears to be at hand now.
    A review of the charts indicates to me a triple 
    bottom formation in the following indices : NDX 100, COMPX (NASDAQ), SPX 
    500, . The OEX broke through but not significantly and in addition the OEX 
    is more likely to be affected by options ,arbitrage, exercising etc. The DOW 
    JONES also held above the intra day low of 9731 made on 3/8/00. I don 't 
    have the volume figures for thursday and friday but if someone would post 
    them it would be revealing as to whether the intra day reversal on friday 
    was accompanied by increased volume.Up volume and down volume as well as 
    total volume s/b kept separately for the nasdaq and nyse.If up volume as a 
    percentage of total volume does not increase in proportion to the 
    increase in prices it would give warning that the rally is 
    terminating 
      .Until we make new highs confirmed by 
    other indicators my primary model is still in a bear mode I am long QQQ at 
    77 1/2 and 81 I send this out very late last night Did not see it on this 
    morning.Am resending .My apologies if duplicate appears ..
    DomTo unsubscribe from 
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