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Ya gotta love NATO ... sending planes on the risky mission of patrolling US
airspace instead of the safe mission of patrolling Afghanistan!
----- Original Message -----
From: "Dorothy K. Carter" <dorothy.carter@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 10, 2001 11:54 AM
Subject: Re: [RT] Bull to Bear - Another Bush Appearance..... PPT at work
> Well there's Bush's 2nd appearance today and the mkt is not rallying to
new
> highs... maybe time is up?... He's been the man for over a week...
everytime
> they marched him to the Rose Garden you'de been squeezed if you were
> short.. hee hee
> ----- Original Message -----
> From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, October 10, 2001 1:46 PM
> Subject: Re: [RT] Bull to Bear
>
>
> > Earl, I agree with certain parts of your post but I question the pattern
> analysis. First, you are absolutely correct about the buyers not
> > allowing the sellers to overwhelm them. However, I think that's more of
a
> sublime seller technique to entice the bulls in, no different then
> > gently tugging the bait to get the fish to bite. As Dorothy argued
several
> days ago, if this is a bull reversal, then where's the volume. This
> > rally really lacks enthusiasm, especially after the sharp drops that
> occurred. You would think there'd be a lot more enthusiasm to bottom fish.
> >
> > As for the bull flag, I can argue it's a pennant, but that may be more
> semantics or a trader's preference. If it's a pennant, then today is a
> > break, but I think this will fail and lead to prices below the
formation.
> If that happens, then my bull to bear conversion is on target, but we
> > have to see. Also, a flag or pennant is arguable and can be defined as a
> forth wave correction in a five-wave corrective pattern that's
> > countering the WTC drop --- and today is the final fifth wave higher in
> that corrective pattern. If there isn't significant follow-through
> > after today , this move is doomed.
> >
> > Ralph
> >
> > Earl Adamy wrote:
> >
> > > A bull flag should project at least 62% expansion of the first leg
from
> the
> > > retracement low or 1147+-. Like you, I am very dubious about this
market
> but
> > > if that's a bull flag, it's bullish especially in combination with the
> > > outside reversal and taking out of two inside days so far. The
critical
> part
> > > is what happens if/when it gets back to the high because it's not a
bull
> > > flag without a significant move above 1087.50. The only significance
of
> the
> > > retracement levels is to show that the retracement has been < 25%.
> > >
> > > My trading timing is suffering from 3+ weeks off so take it with a
grain
> of
> > > salt. One thing I have noticed most of the way up is that the emini
> sellers
> > > (ask size) have tried repeatedly to overwhelm the buyers but the
buyers
> keep
> > > absorbing inventory and moving it up. The other thing which I noticed
> was
> > > the unusual configuration of the reversal out of the triangle
formation
> > > discussed here yesterday. From what I hear a) there were big orders in
> the
> > > spoo pit this morning at the lows which drove the futures up driving
the
> > > cash up in turn and b) the ESF (Exchange Stabilization Fund) is being
> used
> > > to <interfere with> <support> <manipulate> the market (take your
pick).
> > >
> > > Earl
> >
> >
> >
> > 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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>
>
>
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