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Weekly: 60 period channel MAY have bottomed suggesting positive long term
prospects
Daily: 60 period channel may turn flat or down at top of 60 week channel
A pause, consolidation or decline, appears likely here
Stan
-----Original Message-----
From: BobsKC [mailto:bobskc@xxxxxxxxxxxx]
Sent: Thursday, May 03, 2001 11:01 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Energy
The traffic on the list seems to be directly relative to the market. If
the averages are getting beat up badly, mail is down. If it's booming, the
mail is better. If it's stable, we have the highest volume. Not hard to
connect the psychology of enjoying sharing and company when things are
under control and predictable .. less enjoyable if one's financial life is
gyrating wildly and least enjoyable if one is taking a beating and more
people are long at any given time than are short, regardless of hype.
In any case, this list has never been so interesting as it is now. I would
only hope to see more posts on individual equities and to that end, I give
you MCHM. In phase three trials of a new mail impotence topical cream
which with no waiting for it to work, no medicine to take internally and a
lot less money to use, it will be a blockbuster if approved and phase 1 and
2 trials were very positive. Phase three will end in the third quarter and
it is moving already. (Today, they were granted a patent for a new topical
solution for nail fungi which is expected to be a cash generator as
well). Anyway, might be a place to stick a few grand if you have a window
out for a few months. (I have a significant position in this issue and
anyone who is interested in the above information should carefully do their
own research).
All best ..
Bob
At 12:51 AM 5/4/2001 +0200, you wrote:
>Interesting times again.
>
>The dow was rejected today from the upper trendline in a large falling
wedge.
>
>Nasdaq experienced the same fate from the upper trendline in the main
>falling trendchannel
>
>And the S&P the same fate from the under the neckline in an inverted H&S
>pattern with a potential failure comming up.
>
>On Sunday we have Jupiter in oposition to Pluto (180 degrees)
>And on Monday we have a full moon and Mercury Conjunct (0 degrees)Saturn.
>
>As you can see in the enclosed gif, we had lately trend change at or close
>to these aspects.
>
>Now that's inteeresting in itself and could indicate that we right now
>expeience an important top.
>
>But what I find REALLY interesting is how clogged my email has been with
>mail from RT members and the astrofinance list. And actually, I have been
>thinking about that phenomenon before.
>
>I am always thinking in ENERGY. It takes energy to stop a train or a
>movement. Acceleration in price, breakouts. It takes collective energy to
>cause these movements. And has struck me that at these times we see a lot
>of energy on the lists as well. People have opinions (which they express
>and they act on the opinions in form of posts). Just like people who
>participate in the market, suddenly lots of people have opinions and then
>they act placing their bets, causing trendchange accelerations or
breakouts.
>
>So my question is, does the administrator keep track of how many posts
>that are pssing through the sytem each day?
>It would be interesting to match the number of posts with the action in
>the stockmarket.
>Who knows,perhaps we can invent the RT Indicator??
>
>Stig
>
>
>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/
>
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