Re: [RT] s&p .. Where did that cat go?

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

The cat stopped climbing the stairs back in 1999.  Now what happened in
1999?  Why was that the top of the stairs for now?  Can anyone point to the
seminal factor that stopped the rise, the date, the time, the details, etc..
Was it dividend extremes?  PE extremes? When were the first "F" rate and
discount rate rises?  Who were the smart dudes that stopped buying and
started selling in 1999?  Answer that and then answer under what conditions
will they start buying again and when might that be.  This is some
interesting market history being created right now.  When looking at the
Monthly INDU it is easy to get the impression that we are witnessing the end
of something that has had decades of growth and is now in the late stages of
its growth/death cycle.  The significance is of biblical proportions and
will need something of a spiritual nature to resurrect it.  The INDU still
needs to drop a minimum of 600 points to get into the 2.xx % range.  Fed
easing only effects one part of the valuation equation.  Price, dividends,
earnings also have to come into line with the reality of growth and growth
expectations.  Stimulus without responce means this thing could spiral
downstairs into the basement as in snowballs growing larger as they roll
downhill.  Politicians are beginning to point fingers of blame now so its
getting serious enough to call it a train wreck.  Pushing on a string and
train wrecks have a similar appearance.

bobr



----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 07, 2001 3:06 PM
Subject: Re: [RT] s&p .. Where did that cat go?


> BobR,
> Sage advice, never thought about the cat going more than one way.
>
> The cat did bounce from 1088.50 (globex) to 1009 early though, then
decided
> to go downstairs?
>
> I painfully know as my 1088.25 (fading a 60min fib expansion from 8-27 to
> 8-30 target 1086.50 was missed in the globex by a tic) only to hop on late
> and then watch a 12+ H win turn into a BE trade before I could say, what
the
> . . .
>
> I don't know about anyone else, but this is brutal to trade
intraday/night?
> don ewers
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, September 07, 2001 3:29 PM
> Subject: Re: [RT] s&p .. Where did that cat go?
>
>
> > Think of the dead cat bounce as not off the floor, but off of a stairway
> > with each bounce occurring off a lower step.  Today the first bounce was
> > from the -0.382 extension of yesterday's range, that took the ES back to
> the
> > Open as measured at midnight, then the bounce from the next lower step
was
> > only up to the dynamic midpoint.  The day ended on the lower step.  With
a
> > little visualization two mini head and shoulder patterns can be seen
> formed
> > by the two bounces.  The last H&S bounce projects at least another 10
> points
> > down.
> >
> > bobr
> >
> > ----- Original Message -----
> > From: "Don Thompson" <detomps@xxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, September 07, 2001 1:09 PM
> > Subject: Re: [RT] s&p .. Where did that cat go?
> >
> >
> > > Forecasting is a tough business...
> > >
> > > Ben,,,Where did that cat go?
> > >
> > > LOL...
> > >
> > > Not laughing at you or anything.  Looks like this market is serious
> about
> > > continueing down..
> > >
> > > Don
> > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> > >
> >
> >
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> >
>
>
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