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That is a GREAT chart, It isn't going to take long for the value boyz and
girlz to buy that GM.
If GM is an example of what the majority of the big caps are doing then this
market is probably close
to a low. Not only that the players are in the Hamptons or where ever that
vacation place is on long island taking it easy.
So when they all come back they just might do some weeding and then start
accumulating. ?? pure bs and speculation.
Don
----- Original Message -----
From: "Stan Book" <sbook@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, September 01, 2001 2:47 PM
Subject: RE: [RT] Re: Interesting TRIN stat -- GM
> Don,
>
> I would not dispute that a year or so from now GM may have traded below
30.
>
> However, a look at Hurst Envelops may be useful. Price is near the bottoms
> of both the 10 period and 60 period channels. Normally, we would
anticipate
> a turn soon followed by a rally at least to the center of the wide
channel.
>
> Stan
>
> -----Original Message-----
> From: Don Thompson [mailto:detomps@xxxxxxxxxxx]
> Sent: Friday, August 31, 2001 10:49 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Re: Interesting TRIN stat
>
>
> Well, a big cap stock is going to carry alot of volume with it. I don't
> think they are too scared, but Chas Meyer pointed out that alot of people
> are neutral
> which isn't too far from bullish or bearish when it comes to sentiment
> change. imo.
>
> Don
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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>
>
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