|
PureBytes Links
Trading Reference Links
|
So,,, Maybe sell at this top when it trades through it and then.....
trades back down thru the 1010.75... This has been known to happen.
Don
>
> if the 60m charts go any higher my monitor will blow up
>
> sp rising wedge is penetrated to downside
>
> looks like classic local bull trap to me
>
> but I am having a hard time selling it
>
>
>
>
> > I don't buy the DJIA..... sooooooo... but it is the easiest to
> manipulate..
> > to force S & P traders who are short to cover..... I'm short PSFT EBAY
> > both are down today... some of the others I'm short from months ago are
> > enjoying a bounce today... such is life.... rally feels belabored to
> me...
> > I would suggest that SPX won't get above 1038.77 ... if it does then
> this
> > rally is stronger than I would guess at this time.. :-)
> > ----- Original Message -----
> > From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, September 28, 2001 12:32 PM
> > Subject: Re: [RT] INDU
> >
> >
> > > Dorothy, I hope you aren't right, but you do raise some valid points.
> > Also, I
> > > don't know if you can choose one index to arrive at some conclusion.
You
> > pointed
> > > out that you're looking at the NDX because it has more issues
involved;
> > well,
> > > how about the NYA or SPX, which both have more issues involved. If you
> > look at
> > > the NYA, the pattern you're referring to isn't that apparant.
> > >
> > > Well, we still have 3 /12 hours for my target of +170 on the Dow;
> however,
> > to
> > > punch through resistance, which was support only a few days ago, it
has
> to
> > be on
> > > heavy volume to assure its validity. You are right on target
concerning
> > volume;
> > > the volume is low, and it's a major concern of mine.
> > >
> > >
> > > Ralph
> > >
> > >
> > > Dorothy Carter wrote:
> > >
> > > > I think we are still in window for peak for end of the counter trend
> > > > rally... Remember DJIA is 30 stocks check out NDX .. I'm not an
> expert
> > in
> > > > Candle sticks .. someone else may want to respond.. but it made a
big
> > spike
> > > > and is in lower section of range which may suggest exhaustion of
this
> > short
> > > > cover, end of qtr rebalancing...??. I have lower targets that have
> not
> > been
> > > > met yet.. and also we went down on big vol and have rallied back on
> > lighter
> > > > vol which in my work is a sell signal not a buy... obviously you
have
> to
> > > > look at each stock separately so guess it depends on what you are
> buying
> > > > indexes or individual stocks.. personally I'm using any rally to
> > > > short.............Guess we'll see toward close who wants to go home
> long
> > > > given a weekend . I have gone over all 30 Dow Jones stocks the last
3
> > days
> > > > and have only found 2-3 that had potentially constructive charts..
and
> > those
> > > > had limited upside potential... so
> > > >
> > > > ----- Original Message -----
> > > > From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Friday, September 28, 2001 11:39 AM
> > > > Subject: [RT] INDU
> > > >
> > > > > The Dow Industrials are struggling towards my goal today of +170
> > points.
> > > > > If achieved, the INDU reenters its previous trading pattern. This
> > would
> > > > > add to the probability of higher prices and lessen the chances of
> > > > > further dramatic drops. As this is being written, the Dow needs 10
> > more
> > > > > points for the day. Wow, what a struggle!
> > > > >
> > > > > Dorothy and others, are there any opinions and forecasts?
> > > > >
> > > > > --
> > > > > Ralph => E-mail => rjv@xxxxxxxxxx
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > 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:
> > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >
> > > >
> > > >
> > > > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > >
> > > --
> > > Ralph => E-mail => rjv@xxxxxxxxxx
> > >
> > >
> > >
> > >
> > > 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:
> > 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:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
FREE COLLEGE MONEY
CLICK HERE to search
600,000 scholarships!
http://us.click.yahoo.com/ujOgTC/4m7CAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
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/
Attachment:
Description: "snap.gif"
|