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<FONT face=Arial color=#0000ff
size=2>actually 2939.67 is 50% isn't it?
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2> 4816.35 March 2000 high
<FONT face=Arial color=#0000ff
size=2>-1063.00 Oct 1998 low
<FONT face=Arial color=#0000ff
size=2>=<FONT face=Arial
color=#0000ff size=2>3753.35 / 2 = 1876.67
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>4816.35 - 1876.67 = 2939.67
<FONT face=Arial color=#0000ff
size=2>
So are
we 2426.41 or 64.6% of the 3753.35 point move from Oct 98.
<FONT face=Arial color=#0000ff
size=2>
Shame
on me for using TS2k drawing tool and semi-log scale charts.
<FONT face=Arial color=#0000ff
size=2>
So
where does it stop we exceeded the fib 61.8% (2496.78) we must be on the way up
now, but I think I will wait for more evidence.
<FONT face=Tahoma
size=2>-----Original Message-----From: Steven W. Poser (psn)
[mailto:swp@xxxxxxxxxxxxxxx]Sent: Thursday, November 30, 2000 3:37
PMTo: realtraders@xxxxxxxxxxxSubject: RE: [RT] Re: Time
to buy????????????
<SPAN
class=190393621-30112000>Actually, 2566 was the 50% retracement
level.
---Steven W. Poser, PresidentPoser Global Market
Strategies Inc.<A target=_blank
href="http://www.poserglobal.com/";>http://www.poserglobal.comswp@xxxxxxxxxxxxxxxTel:
201-995-0845Fax: 201-995-0846
<FONT face=Tahoma
size=2>-----Original Message-----From: Jimmy
[mailto:jsnowden@xxxxxxxxx]Sent: Thursday, November 30, 2000 4:28
PMTo: realtraders@xxxxxxxxxxxSubject: RE: [RT] Re:
Time to buy????????????
<FONT face=Arial color=#0000ff
size=2>2270 something on the NDX is 50% retracement from Oct 98. A
chart say a monthly one of the NDX looks like a Elliot wave ABC correction
completing. Lots more tech stuff I'm sure but it is all useless unless
you simply know this looks like a normal correction or call it a small bear
market if you are an intermediate term kind of trader.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>FACTS It will turn up. Don't know when. Nothing I watch says
up. When it does you start to buy. You better know what turn up
means however. Re read Dom Perrino's email so you know how to pick
stocks when it does turn.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Technicals are great but it ain't up until it is up. If you
don't understand that you will need to do a lot more reading and
thinking.
<FONT face=Arial color=#0000ff
size=2>
I
always find it a good idea to put up a very long term chart, like monthly
chart. Look at what has happened for the last two or three
years. Then put up a chart of three years but let is end several years
ago. The scale of the corrections always look bigger in a current
chart. They really looked big to me in the 1960s and 70s and
80s.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Jimmy
<FONT face=Tahoma
size=2>-----Original Message-----From: Dom Perrino
[mailto:domenick@xxxxxxxxxxxx]Sent: Thursday, November 30, 2000
1:48 PMTo: realtraders@xxxxxxxxxxxSubject: [RT] Re:
Time to buy????????????
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
Aside technical indicators,fundamental
indicators,ew,astrology ,gann, fibo.etc., and putting
personal experience in the forefront<FONT face=Arial
size=2>.Let's get some input based soley on experience since I
think that this election fiasco is throwing a monkey wrench in most
indicators.
Is this a buying opportunity that some time from now we will
look upon as a coulda, woulda,shouda ??? In my own past experience
almost every time things looked as dismal as they do now it turned out
to be a buying opportunity.
Let's hear from some heavyweights (and others).As a technician, I
know it is hard to put technicals aside. Let's try ,we will be able to
hear opinions without having to justify it with an indicator.
Dom
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