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My favorite line on the market is
" The stock market . . . that great deceiver . . . likes to play dirty
tricks on us".
Good luck, just hope this thing shows enough of it's story beforehand so I
can follow it. Like I said the jury is still out but something tipped a bit
your direction at least on my charts, short term.
don ewers
----- Original Message -----
From: "Ralph Volpe" <rjv@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, October 02, 2001 3:32 PM
Subject: Re: [RT] SPC 60min
> Don, thanks for the info. As for things going my way, I ALMOST sold
earlier when
> cuts in the interest rates were announced and the market got a little
shaky. The
> market appeared to have ears on this board as some suggested there would
be
> selling on the news. However, I held my positions. With an additional
interest
> rate cut possible next month, the economy has to start gaining momentum to
> solidly reverse the plunge in stock prices. By the way, there was other
good
> news that wasn't featured; e.g., some stocks announced bad earnings at the
close
> yesterday and still moved higher today. This could be a solid signal that
> selling pressures are diminishing. Besides, the Dow anchored itself more
solidly
> in the monthly pattern I posted several days ago. When the Dow broke that
> pattern on the downside but didn't close below it on a monthly bar, I
think that
> was a setup for a Bear trap. Lots of sell orders kicked in and I'm
convinced the
> smart money was buying. But, as Dorothy noted yesterday, the market
humbles us
> all.
>
> Ralph
>
> Don Ewers wrote:
>
> >
> > Things could be going your way Ralph? . . . will keep you posted on what
the
> > charts are saying.
> > don ewers
> >
>
>
>
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>
>
>
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>
>
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