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Hello
If you look at my last m3 chart and rate of change it shows a bearish tone
for the market for a few weeks
that said,, I am BULLISH short term,
ad line looks great and the 3 day 5 day and 8 day trin are at 34 day hi
remember,, this is just until wensday at the most.
and this is sp500 and NOT NASDAQ
Ben
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, August 12, 2001 7:09 PM
Subject: Re: [RT] Markets
> Yes, the VIX was part of the background for my comments regarding lack of
> fear. I was amazed to see that VIX closed Friday at 22.81 on that bullish
> outside reversal. Could be Uncle Al's alchemy is working ... maybe he's
> coating M3 with Prozac for the masses. I'm not one to ignore outside
> reversals but something doesn't feel right here.
>
> Earl
>
> ----- Original Message -----
> From: "Bobh" <bheisler@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, August 12, 2001 4:46 PM
> Subject: Re: [RT] Markets
>
>
> > I find myself in the same camp.
> >
> > Along that line, we now have little triple bottoms on all three indexes.
> > Has anyone noticed where VIX is now in relation to where it was on the
> > previous two times down here?
> >
> > Bobh
> >
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Sunday, August 12, 2001 5:37 PM
> > Subject: [RT] Markets
> >
> >
> > > Do I spy the great mother ship (and biggest of the big cap stocks)
> heading
> > > for a hard landing???????? Are there problems lurking in GE
Finance?????
> > The
> > > weekly chart of GE suggests that the answer is yes. No wonder the guys
> on
> > > CNBC are working overtime to talk up the market, their options must be
> > > pretty deep in do do.
> > >
> > > Overall, my market horizon these days is a few hours. The basic
> technical
> > > work I do with counts, regression channels, and symmetry is all
> surrounded
> > > by mysticism. The market does not feel healthy and I suspect that if
it
> > does
> > > manage to break above its range, it will get a sharp burst upward
> followed
> > > by an unbelievable hammering. More likely I think, is an event or news
> > which
> > > drives it downward out of this range.
> > >
> > > Perhaps most striking to me is the utter complacency and lack of fear
> > which
> > > exists among market participants ... if only one has faith and
patience,
> > > Uncle Al will have everything fixed up and the good times will roll on
> for
> > > another decade. I don't think it's gonna happen folks which is why
> (aside
> > > from trading) I'm very content clipping coupons and thinking there
might
> > > just be a bonanza in gains if Goldilocks gets a real haircut.
> > >
> > > Earl
> > >
> > > 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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> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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