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Haytham, your posts IMO at least are excellent. Marty Swartz always had a
rule to never day trade short if price was above the 10 day ema, and never day
trade long if price was below 10 day ema. Its amazing when you go back and look
at trade screw ups, how many times something so simple gets overlooked, and how
it can save you a lot of aggravation.
----- Original Message -----
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:H.Albizem@xxxxxxxxxxxxxxxx";
title=H.Albizem@xxxxxxxxxxxxxxxx>Haytham Albizem
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>Realtraders
Sent: Thursday, May 10, 2001 10:30
PM
Subject: [RT] Re: 5/11/2001 NASDAQ
Turning Point
5/10/2001
The descending has began today, it will
accelerate tomorrow.
There in engulfing bearish pattern if you are
candlestick trader or outside bar if you are in westerns school of thoughts,
there is a lot to say about these patterns, entry, exit, probabilities and how
to trade them but I leave it to others who are willing to share.
The above you can read in general trading books
so I am not going to waste my time on the above topic.
Beside to all the pieces I added to the big
picture yesterday, there is a lot other things I have not told you and every
time you add a color or a line to the picture the picture become clearer and
clearer until it become a reality.
Mirror Image by continuing the pattern I describe
in my message 4530 and 4542( Don't follow this pattern from this date,
it is too late...)
NASDAQ closed below the 10 day MA
Look at 2 day/bar and see how Doji bar is
forming.
IT APPEAR 5/11/2001 WILL BE A TURNING POINT FOR
DJIA AND SP500 ALSO :-) BINGO !!. ENJOY THE RIDE AND HAPPY
TRADING.
Haytham
Disclaimer: THIS MEANT AS A TRADING LIVE
EXERCISE, IT IS NOT A RECOMMENDATION TO BUY OR SELL, SO USE YOUR OWN
JUDGMENT.
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