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Ben and all,
The NOW reading for Thursday close is + 2.25, which is the highest
reading positve or negative I can remember for at least the past 5 years and
possibly back to the 1987 crash lows. However, I must warn you that these
number tend to inflate somewhat just before expiration. So, one more big
panic down day, taking the SPX down near 936 should provide a good low risk
entry for a good bounce. Keep in mind that Saturn goes Retro on Sept. 26, so
a move down into that date is the best shot for a trend reversal and ensuing
upmove. Ideal scenario for me is big down Friday to near SPX 936, bounce on
Monday, down Tuesday & Wed. sightly taking out low or retestng low and then
reverse to upside. This is not a forecast, just what I would like to see for
a low risk entry.
Psychology: The Prez gave a great speech. The last hope bulls will be
looking for the Prez's speech to bail them out tomorrow. If the market gets
slammed with the Bush's great speech, all hope will be lost, and the market
can make a bottom after the longs blow out. .
Cheers,
Norman
----- Original Message -----
From: "profitok" <profitok@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 21, 2001 12:18 AM
Subject: Re: [RT] For Fibonacci nuts
> Hello
> it is late so I will be brief
> tomorrows range will be large
> we will have violent moves up and down
> I do not have a crystal ball
> just reading the road map from the clues the market left behind in the
last
> few days
> my guess is up first and then take all the air out
> good night
> Ben
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, September 21, 2001 12:06 AM
> Subject: Re: [RT] For Fibonacci nuts
>
>
> > "let the drums begin
> > tomorrow most likely will be the bad day for the shorts"
> >
> > Can you qualify this when you are calling for a lower low on the SPX and
> > NASDAQ? (low then rally?)
> >
> > Cargill tells me the September expired today FYI, so not sure about your
> > statement that expiration is Friday?
> >
> > Understand the Bass 50 million into 1 billion (that is a given
reportedly)
> > but why the major margin call, as reported? How does one make money on
a
> > stock (DIS) that has fallen to a new low since prior to the end of 1994
by
> > my monthly charts, by saying they sold at 15.50 (vs the reported at
> 15.00)?
> > I guess the answer would be they owned it before then? How do you know
all
> > this (just curious).
> > don ewers
> >
> > ----- Original Message -----
> > From: "profitok" <profitok@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, September 20, 2001 9:25 PM
> > Subject: Re: [RT] For Fibonacci nuts
> >
> >
> > > Yes I wrote it 20 minutes or so before the close
> > > and normal expiration is Fri tomorrow?
> > > as for the bass brothers,, they do have a new cfp
> > > he turned 50 mil into 1 billion in a few years
> > > Also
> > > their own broker dealer bought the whole thing at 15 and you can see
the
> > low
> > > today was NOT 15
> > > so BD is still making money
> > > and will sell all into tomorrows rally at Ave of 17
> > > high volatility day tomorrow
> > > Ben
> > > ----- Original Message -----
> > > From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> > > To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Thursday, September 20, 2001 7:19 PM
> > > Subject: Re: [RT] For Fibonacci nuts
> > >
> > >
> > > > Ben,
> > > > I was told expiration was today not tomorrow FWI, do I have it
wrong?
> > > >
> > > > Also in the last 15min we took out the low of yesterday, actually a
> > > perfect
> > > > fit with what you were expecting a slightly lower low (961.50 low vs
> > 984).
> > > > I see your post was before the close though.
> > > >
> > > > As a side note did anyone else on the list see one of the Bass
> brothers
> > > sold
> > > > 135 million shares of Disney today @$15.00 to meet a margin call (if
> it
> > > was
> > > > a $2.0 billion margion call, he needs to find a new CFP).
> > > >
> > > > Maybe a sign of some capitulation, ala "just sell it all", Disney
> closes
> > > at
> > > > $16.98 down -1.52
> > > >
> > > > And we though our lives were tough. :-)
> > > > don ewers
> > > >
> > > > ----- Original Message -----
> > > > From: "profitok" <profitok@xxxxxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Cc: <gannsghost@xxxxxxxxxxxxxxx>
> > > > Sent: Thursday, September 20, 2001 2:39 PM
> > > > Subject: Re: [RT] For Fibonacci nuts
> > > >
> > > >
> > > > > I have been watching it closely and still waiting for that dead
cat
> > > > bounce
> > > > > to come,, one encouraging fact is that we made a HIGHER low
today
> > > > > So,, I guess that they are holding their horses for tomorrow
> > expiration
> > > > > race to clean all the shorts
> > > > > Be careful
> > > > > Ben
> > > > > ----- Original Message -----
> > > > > From: <SLAWEKP@xxxxxxx>
> > > > > To: <REALTRADERS@xxxxxxxxxxxxxxx>
> > > > > Sent: Thursday, September 20, 2001 3:24 PM
> > > > > Subject: [RT] For Fibonacci nuts
> > > > >
> > > > >
> > > > > > here is chart 2001-55 years (Fibonacci) that was suggested to me
> > > > > > by pro trader = Ben (profitok)
> > > > > >
> > > > > > rotations are close, magnitude not sure, Attack on towers came
on
> > low
> > > > > > will the rest of rotations will follow
> > > > > >
> > > > > > slawek
> > > > > >
> > > > > > To unsubscribe from this group, send an email to:
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> > > > > >
> > > > > >
> > > > > >
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> > > > > >
> > > > > >
> > > > >
> > > > >
> > > >
> > >
> >
>
> --------------------------------------------------------------------------
> > > > --
> > > > > ----
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
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