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This list seems quite a friendly place to hang about and pick up tidbits of
wisdom and knowledge from those sage individuals wiser and more experienced
than I in this confusing, at times, and less than exact means of seeing order
and structure.
It seems you, James, are offering sarcasm and ridicule, and of those skills I
know enough.
Dan
James Taylor wrote:
> 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
> >
> >
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
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