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price (1095+-) and time (1330) on 5 minute chart approaching critical area
from which any further rally today should be launched
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, October 11, 2001 8:56 AM
Subject: Re: [RT] Bull to Bear
> and view in real-time
>
> Earl
>
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, October 11, 2001 8:54 AM
> Subject: Re: [RT] Bull to Bear
>
>
> > With 10/70 having lost control on hourly, it's my understanding that
> > analysis moves to the daily using 5/17 and aggressive counts. Attached
> chart
> > through Wednesday close. Note that the heavy blue 50% retracement
> trendline
> > is important resistance.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, October 11, 2001 8:37 AM
> > Subject: Re: [RT] Bull to Bear
> >
> >
> > > Here is an updated 60min with the first hour bar relating to the post
> > below
> > > (other one was missing it).
> > >
> > > ----- Original Message -----
> > > From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Thursday, October 11, 2001 9:25 AM
> > > Subject: Re: [RT] Bull to Bear
> > >
> > >
> > > > Ralph,
> > > > Here is an updated 60min SP cash chart, still showing wave 4 but at
> the
> > > .618
> > > > level now and importantly the 10/70 has lost control.
> > > >
> > > > One interesting note on the chart is, notice the red line from wave
2
> to
> > > the
> > > > red wave 4 channels (barely visable just above the 4C since just
> > starting,
> > > > unlike the long green and blue ones), anyway that line is supposed
to
> > > > represent resistance which capped the move so far (as would have
been
> > > lines
> > > > drawn from wave 2 to the last green or blue dot on those wave 4
> > channels).
> > > >
> > > > The red PTI in the lower right is a low 23, so as I have posted
before
> > > when
> > > > the weekly, daily and 60min all folded into each other, that the
first
> > > > indication of a pattern problem would occur here on the 60min chart.
> > > > Netting it out, it still some "cracks" and the low PTI is saying at
> best
> > > any
> > > > wave 5 will be a double bottom or a failed 5th which never makes a
new
> > low
> > > > and could even just keep going up.
> > > >
> > > > Notable on the daily SP cash chart is the fact that the PTI there
has
> > > > dropped to 22 from the 42 on my chart from 9-30-01. Actually it
> dropped
> > > > below 34 on 10-3-01 again indicating if a wave 5 occurs it will
likely
> > be
> > > a
> > > > double bottom or a failed 5th as described above.
> > > >
> > > > The softwares recommended strategy would be to buy a retracement (or
> > test
> > > of
> > > > the low should it occur) after which some buy indicator trips, since
> the
> > > > 1-2-3 down is likely to relabel into a big A-B-C (daily and 60min)
as
> > > > discussed in a previous post (what if they change the lock
> discussion).
> > > > don ewers
> > > >
> > > >
> > > > ----- Original Message -----
> > > > From: "Ralph Volpe" <rjv@xxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Wednesday, October 10, 2001 11:53 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?
> > > > >
> > > > > --
> > > > > Ralph => E-mail => rjv@xxxxxxxxxx
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
> > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > > >
> > > > >
> > > > >
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> > > > >
> > > >
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> > > >
> > > >
> > > >
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> > > >
> > >
> > >
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> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
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> > >
> > >
> >
>
>
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