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I
never make that mistake. Sure.
<FONT face=Tahoma
size=2>-----Original Message-----From: Steven W. Poser (psn)
[mailto:swp@xxxxxxxxxxxxxxx]Sent: Thursday, November 30, 2000 4:07
PMTo: realtraders@xxxxxxxxxxxSubject: RE: [RT] Re: Time
to buy????????????
<SPAN
class=550530622-30112000>Sorry, I was talking about 50% back to
zero....
---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 5:02
PMTo: realtraders@xxxxxxxxxxxSubject: RE: [RT] Re:
Time to buy????????????
<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>
<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>
<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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