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To clarify my below email I want to be clear
that I am a srong believer in technical analysis , chart inspection, pattern
formations, etc. We should know where we are coming from, where we are now, and
where we are likely to go. This is part and parcel of trading.However what I am
also saying is that after being aware and ready we should pull the
trigger only when the market confirms that which we had
expected.
Dom
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Dom
Perrino
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, March 31, 2001 10:28
PM
Subject: Re: [RT] NASDAQ bottom
Assuming that the W bullish configuration is
completed and a breakout above the W occurs, the time frame involved in
the formation of this particular W is to small IMO to conclude that
this would be THE BOTTOM of this BEAR .It would be bullish short term
and the current rally that will have completed the W would very
likely continue on to higher levels.However, at this point all we have is a
double bottom with the possibility that the W will be completed. In this
market I have seen too many double and triple bottoms turning
into whipsaws.Better to participate with the market activity than to
take action on what we anticipate. The rewards are much greater if we
anticipate correctly but the risks are just as great and
probably greater.
Dom
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=H.Albizem@xxxxxxxxxxxxxxxx
href="mailto:H.Albizem@xxxxxxxxxxxxxxxx";>Haytham Albizem
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, March 30, 2001 7:03
PM
Subject: [RT] NASDAQ bottom
Hi to all,
It will be interesting to see how NASDAQ composite
index behave the next few trading days. As you can see from the attached
GIF, NASDAQ is forming what appear to be so far double bottom "W"(need
confirmation).
HaythamTo unsubscribe from
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