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<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">5/16/2001
Last Sunday
5/13/2001 I posted message # 5704 where I said:
"My problem
is this: Based on my calculation there is 2 turning points very close to each
other and this is bother me a lot because the evidence is distributed between
these 2 turning point and I did not know which is more significant unless you
combine them. <?xml:namespace prefix = o ns =
"urn:schemas-microsoft-com:office:office" />
<P class=MsoNormal
style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">These 2 turning points are 5/18/2001
+/- 1 trading day and 5/22/2001 +/- 1 trading day.(I will explain some of the
reason of why below)
<P class=MsoNormal
style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">If you cluster these two turning
points you will have the 3 trading days: 5/18, 5/21, 5/22 as significant and I
don't like this because I would like to be more specific by giving one date as
turning point +/- 1 trading day as standard deviation but in this situation the
BIG PICTURE will be clearer as I add the pieces as we go "
<P class=MsoNormal
style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="COLOR: red; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Tomorrow is 5/17/2001
which fall in -/+ 1 trading day of 5/18/2001 and it appear to be turning
point to the upside <SPAN
style="COLOR: blue; FONT-FAMILY: Arial; FONT-SIZE: 10pt">(as you may remember in
my previous post for turning point of 5/11/2001 which actually happened on
5/10/2001 also fell in -/+ 1 trading day), <SPAN
style="COLOR: red; FONT-FAMILY: Arial; FONT-SIZE: 10pt">here is my
reasons:
<P class=MsoNormal
style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="COLOR: red">1. I consider all the reasons posted for 5/18/2001 in my
message # 5704 are important but last Sunday it was not cleared as I stated
which one is more important.
<P class=MsoNormal
style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="COLOR: red">2.I am posting a copy of my message #5594 dated 5/10/2001 in
green color and I will comment on it in red color:
<SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">"5/10/2001<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The descending has
began today, it will accelerate tomorrow.<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">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.<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: red; FONT-FAMILY: Arial; FONT-SIZE: 10pt">There is engulfing
bullish pattern using candlestick technique today.<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">The above you can read
in general trading books so I am not going to waste my time on the above
topic.<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">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.<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">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...)<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: red; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Look at the Mirror Image
of NASDAQ by putting 4/42001 as the Y axis then fold the NASDAQ print on that
axis, you will see the leg up(so far) is similar to the leg down<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">NASDAQ closed below
the 10 day MA<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: red; FONT-FAMILY: Arial; FONT-SIZE: 10pt">NASDAQ closed above the
10 day MA.<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Look at 2 day/bar and
see how Doji bar is forming.<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: red; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Also 2 day/bar Doji bar
is formed<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">IT APPEAR 5/11/2001
WILL BE A TURNING POINT FOR DJIA AND SP500 ALSO :-) BINGO !!. ENJOY THE RIDE AND
HAPPY TRADING.<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: red; FONT-FAMILY: Arial; FONT-SIZE: 10pt">It appear 5/17/2001 will
be a Turning Point for NASDAQ (I did not do analysis for DJIA and
SP500)<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Haytham<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt">
<SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <SPAN
style="COLOR: green; FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">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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