Re: [RT] DS on the OEX....

["maurice murphy" <muse66@xxxxxxx>]

a few weeks ago he had charts up that were bullish.i like his 
work though.the real question will be christmas.last year the retailers that 
tried to create on online presence were swamped and could not fullfill orders.me 
thinks that they will try to resolve that issue this year and due to a slowdown 
they will get killed and we will see bad earnings out in early 2001.just a 
thought
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  -----Original Message-----From: 
  BobR <<A 
  href="mailto:bobrabcd@xxxxxxxxxxxxx";>bobrabcd@xxxxxxxxxxxxx>To: 
  realtraders@xxxxxxxxxxx 
  <<A 
  href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx>Date: 
  Thursday, October 26, 2000 12:56 PMSubject: Re: [RT] DS on the 
  OEX....
  Muck around is probably the disappointing 
  answer.  The respectable John Bollenger said it aptly with his earnings 
  announcement indicator that forecasts mucho muck ahead.  His feel was 
  that the end of year seasonality would have continued volatility and be 
  abreviated in time.  On a day by day basis, the cumulative net volume for 
  the NYA and the NASDAQ is still running below the hourly which is running 
  below the one and two day averages.  Thus the brief rally attempts 
  fail.  This could change in a blink of an eye though.
   
  BobR
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    <A href="mailto:t-bondtrader@xxxxxxxxxxxx"; 
    title=t-bondtrader@xxxxxxxxxxxx>t-bondtrader 
    To: <A 
    href="mailto:realtraders@xxxxxxxxxxx"; title=realtraders@xxxxxxxxxxx>RT 
    
    Sent: Thursday, October 26, 2000 9:22 
    AM
    Subject: [RT] DS on the OEX....
    
     
    BobR
     
    Re having posted this chart before, to show the 
    Dojo Sandwich pattern on the top and bottom of the haul down - what I did 
    not realize at the time was that it was the right hand shoulder of a H&S 
    pattern.  When you close up the same chart, you can see 
    the retracement was to the neckline.   Hence the failure of 
    the DS pattern as a 'bottom' and now I feel the subsequent DS, which formed 
    the re-test of the neckline, should be viewed as continuation DS with the 
    overall downtrend in tact.
     
    That is not to say the market might not stall 
    for a bit and muck about, but it certainly looks as if it is going to come 
    off - and if, eventually, it went the length of the neckline......  On 
    the other hand we could see a DB and it would be necessary to measure this 
    as a bullish retracement from the high.  We have just seen this happen 
    on the bonds...
     
    Best of...
     
    BillTo unsubscribe 
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