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Bob, good point. The move I expect from here depends on where this market
stalls, and it will stall. If it reenters previous patterns it will bounce
around to assert its arrogance. If it can't get through those levels, the
gyrations will occur at much lower levels. This week is a key to market
sentiment and what occurs needs to be interpreted without a bias for a move in
either direction.
Ralph
BobsKC wrote:
> I'm not sure any more if having traded the markets for more than 30 years
> is a plus or a minus but I would like to toss in a thought here. We seem
> to be making cases for huge moves up from these levels or a continued
> plummet into the abyss. I expect neither. I find the markets reasonably,
> (overall), valued now and expect a lot of chop. The economy isn't nearly
> as bad as some are depicting it to be but I see no reason for a run-back to
> recently departed, over-valued, equity prices. It's a trader's market ...
> good luck the rest of the week to all of you.
>
> Bob
>
> At 09:02 PM 9/24/2001 -0700, you wrote:
> >Stop it you guys. You are going to make me believe that another 20 year
> >bull has just raised its head. It is like seeing the bear on the cover
> >of Time or the skull in the Phoenix paper business section. When
> >everyone says zero, I have got to believe that everyone that wants out
> >is out and the only ones left are the shorts with a lot of stock to
> >cover.
> >
> >Ralph Volpe wrote:
> >
> > > Norman, I really enjoy Dorothy's view and I do listen to what she
> > > says. (Do you hear that Dorothy?) Like you, I should have heeded the
> > > yelps of doom sooner, but I think the WTC event really tipped the
> > > scale in favor of the doom sayers. This type of event is really
> > > unprecedented and unpredictable. Along these lines, I recently checked
> > > the drop in 1991 when Iraq invaded Kuwait: that drop was about 17%. If
> > > you check this past drop, it's about the same percentage. One thing
> > > that may really tip this market in favor of the bulls is a quick
> > > resolution to either the capture or killing of bin Laden. If we bear
> > > minimal losses, I think this market will scream higher. As for
> > > getting bin Laden, I think that's imminent with the vast buildup of
> > > forces in the area and the close cooperation with the Russians. Last
> > > I heard, there are over 650 aircraft and 3500 Tomahawk missiles
> > > heading for the Middle East, which is a much larger arsenal that what
> > > was assembled to extract Iraq for Kuwait.
> >
> >
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> >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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--
Ralph => E-mail => rjv@xxxxxxxxxx
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