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doji's on the bonds, now that is brilliant. Doji patterns signify
indecision, so therefore, a topping pattern ? what a leap.
Think I'd rather throw hundred dollar bills in the fireplace or chase tech
stocks trading for 100+ times forward earnings.
Many trading books have included candlestick pattern studies showing their
questionable predictive value, even on reversal candlestick patterns that
one would expect would have some predictive value.
Save your money and buy a few of those books.
----- Original Message -----
From: "Prosper " <brente@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Monday, December 11, 2000 8:33 PM
Subject: [RT] Re: Trading the Supreme Court - Bonds
> The good news is that you seem to be consistantly wrong about
> everthing. That is your right too.
>
> Doji's on the bonds. Starting to look toppish.
>
> Prosper
>
> --- In realtraders@xxxxxxxxxxx, "James Taylor" <jptaylor@xxxx> wrote:
> > Analyzing the possible outcomes of the Supreme Court ruling:
> >
> >
> > Ruling in Favor of Bush (heaven forbid):
> > will likely result in a rally (short-lived as it may be)
> >
> > 1) On C-Span, Reverend Jesse Jackson warned that massive
> demonstrations will be held in the event that the Supreme Court votes
> against hand-counting the votes in question. These demonstrations
> may become extreme (heaven forbid), giving way to riots. Currently
> prayer vigils are being held at Federal Buildings by PUSH and AFLCIO
> members. News coverage of such unrest will very likely dissolve any
> possible rally.
> >
> > 2) The traders that the CNBC empty suits interviewed said that they
> planned on shorting the news, no matter the outcome.
> >
> >
> > Ruling in Favor of Gore (lessor of the evils):
> > 3) A ruling in favor of Gore is highly likely to result in an
> immediate drop in the indexes; as experienced last Friday when the
> Florida Supreme Court ruled in favor of Gore.
> >
> >
> >
> > Net/net it looks like a high probability short sell of the Nasdaq
> bubble. My entry point will be on a break of intraday support, with
> the price below both the 18 and 36 period moving averages, with a
> stop loss above both averages. This system provides: 1) a logic
> entry, trading in the direction of the break-out, 2) trailing stop,
> 3) defined stop-loss exit.
> >
> >
> > Example attached.
> >
> > To reproduce the chart, go to
> http://www.bigcharts.com/intchart/frames/frames.asp?
> symb=nasdaq&time=&freq=
> >
> > View the attached chart to see my settings.
> >
> > Happy (and safe) short-selling of this Nasdaq bubble.
> >
> > James
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
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