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Both
bob and you are right
after a bounce to 2400
we go down to 1800
top left of chart shows near term target for nasdaq, top right is showing
the macd histogram on the Mclullen osc for volume
the bottom left is the chart of the acual macd sell for volume
the bottom right chart is the Thechnical index or as bob r calls the health
index
it DOES show very good positive bullish divergence
THIS IS A BEAR TRAP
so the $2 profit on your long stocks and 20 points on the futures and
run
Ben
----- Original Message -----
From: "STUART AUSLANDER" <u.stuart-auslander@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, March 04, 2001 7:27 PM
Subject: Re: [RT] Fw: Long Term Nasdaq
> Dear Bob and all
>
> I think your market analysis is correct. The one sentiment indicator I
have
> viewed for a long time is the one by Investor's Intelligence of the views
of
> market advisors. The advisors are near 12 year highs while the Naz has
hit
> lows. This is a major contradiction. Usually the behavior is bullishness
> increases as the indicies rise. Now we have the advisors getting bullish
with
> the decline. The anecdotal evidence I note is that the people I know are
> buying the dips. This suggests serious declines are ahead. The wash out
has
> not yet occurred.
>
> The possible flaw in my analysis: I can not understand how the Advance
Decline
> lines in NYSE and Naz can be so strong and new lows be so few. Under
usual
> circumstances these indicators would be making me intermediate to long
term
> bullish.
>
> Stuart
>
> BobR wrote:
>
> > The only way investor/consumer confidence could return to the heights
that
> > it was in the late stages of this bull market is if there were a new
variety
> > of tulip bulb in high demand. Or, a new large class of investor to be
taken
> > to the cleaners. Neither seems very likely to occur in the near future.
It
> > was a party of excesses. This is a situation in which the CNBC crew
might
> > as well take a vacation and quit pushing on the dead bull. He is dead
meat
> > except for a few last gasps of air. There is no way the next few years
> > could create new millionares at the dotcom pace. The economic spinoffs
of
> > that era generated the confidence, the government surpluses, the
optimism of
> > economic utopia, and now we are back to the old slow grind. The last
thing
> > Greenspan wants to do is get things fired up too high too fast, thus the
> > engine runs at idle, and then cruise, and then it outruns the highway
> > patrol, and then it blows a piston ring and its back to the garage for a
> > rebuild. We are now in that bear stage when the concern is how slow
will it
> > get. That's bear talk. The car is stuttering and blue exhaust is coming
out
> > the tailpipe from that blown ring. The Naz is just not going back to
its
> > old highs unless it is by devious means and if so it just won't stay
there
> > longer than it takes to record it on the charts and then the current
bear
> > will seem tame compared to the aftermath of the next one when no one
waits
> > for even a 1/3 retracement to get out. If this thing runs up on hype
and
> > promotion you can bet its gonna come down even faster. The current
Nasdaq
> > situation reminds me of the time I was sitting in a room of greyhaired
> > balding gold bugs who took an analyst's advise years before and bought
gold
> > and mining shares when Au was 800 an ounce. Their questions were, when
will
> > it get back there so they can sell. The dotcoms are the golds of a few
> > decades ago and we know what kind of bear mkt they have been in. Same
thing
> > can happen to once cherished stocks, has happened to companies with no
> > growth or companies with debt outstripping revenue. Nope, just don't
> > believe we are going back to the climate of a few years ago. Its a time
for
> > basing, regrouping, restoration of energy, licking of wounds in
preparation
> > for the delivery of the next hybrid tulip bulbs.
> >
> > bobr
> >
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > To: "RealTraders" <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, February 28, 2001 4:55 PM
> > Subject: Re: [RT] Fw: Long Term Nasdaq
> >
> > > Had my laughing off my chair! These hacks are on CNBC all day long and
> > they
> > > just don't give up rolling out the optimistic brown stuff. Just wait
until
> > > we get the next bear market rally in March ...they will be loading the
> > brown
> > > stuff on tractor trailers big time. Rarely do these hacks get the
> > > comeuppance they deserve as those who keep hanging in lose their
> > collective
> > > shirts.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "Ira Tunik" <irat@xxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Wednesday, February 28, 2001 1:24 PM
> > > Subject: Re: [RT] Fw: Long Term Nasdaq
> > >
> > >
> > > > The other thing is
> > > > that as the gurus keep dropping the estimated earnings per share,
they
> > > will get
> > > > low enough that the companies will start to beat them.
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
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>
>
> To unsubscribe from this group, send an email to:
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>
>
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>
>
>
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