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Earl,
Mercury is Retrograde until Oct. 22. During this period, the chances of
false breakouts and choppy whippy trading is much increased.
Cheers,
Norman
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 10, 2001 1:18 PM
Subject: Re: [RT] Bull to Bear
> 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
>
> ----- Original Message -----
> From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, October 10, 2001 11:06 AM
> Subject: Re: [RT] Bull to Bear
>
>
> > Earl, what's the significance of a bull flag to you? I see you have
lower
> levels shown on your posted chart. Are you thinking those are
> > possible levels for a retracement? In any case, I'm thinking there may
be
> significant new lows coming. Outside of lowered profits or outright
> > losses, I can't imagine what will cause it. Are there any ideas out
there?
> >
> > Ralph
> >
> > Earl Adamy wrote:
> >
> > > Does this look like a bull flag to anyone else out there?
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Wednesday, October 10, 2001 10:53 AM
> > > Subject: [RT] Bull to Bear
> > >
> > > > I haven't heard much lately from the Bears, and I hope some are
still
> > > > out there. It was my view nearly two weeks ago that a reversal was
> > > > imminent from the lows after the WTC, and that seems to have
occurred,
> > > > but to a dramatically lesser degree then I expected. This rally has
> > > > significant flaws that I think will weigh heavy on any further
> progress
> > > > in the markets from today's close forward. Now, if there are any
Bears
> > > > still out there, I'm ready to snuggle in with you. Is there room to
> > > > accept a recalcitrant Bull?
> > >
> >
> >
> >
> > 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
>
>
>
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>
>
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