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Re: [RT] sp500/nasdaq



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For Friday an snp drop back to within Thursday's 
value area of 1070.3 to 1081.4  would not be surprising.
 
bobr
 
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  ----- Original Message ----- 
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  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  <A title=davidjennings@xxxxxxxxxxxxx 
  href="mailto:davidjennings@xxxxxxxxxxxxx";>David Jennings 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Friday, October 12, 2001 4:59 
  AM
  Subject: Re: [RT] sp500/nasdaq
  
  Uk market is certainly 
consolidating.
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    <A title=bobrabcd@xxxxxxxxxxxxx 
    href="mailto:bobrabcd@xxxxxxxxxxxxx";>BobR 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Friday, October 12, 2001 11:00 
    AM
    Subject: Re: [RT] sp500/nasdaq
    
    Looking back over the last 7 trading days shows 
    this pattern, short covering, distribution, 3 days of consolidation, short 
    covering, distribution.  Correct me if I have the definitions 
    wrong.  In market profile theory, a distribution occurs when prices 
    have a tight symmetrical pattern following a run up like Thursday and 
    Wednesday and previously on 10/3 and 10/4.  A consolidation implies a 
    pullback after a runup as on the 5th, 8th, 9th.  If Thursday was infact 
    a distribution, then Friday and ??? would have consolidation, 
    perhaps.
     
    bobr
     
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      ----- Original Message ----- 
      <DIV 
      style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
      Ira Tunik 
      To: <A 
      title=realtraders@xxxxxxxxxxxxxxx 
      href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
      
      Sent: Thursday, October 11, 2001 8:41 
      PM
      Subject: Re: [RT] sp500/nasdaq
      The question is will the die hard bears run for cover over 
      the week end?  No pun intended.  Will the bulls want to carry 
      stock over the week end?  Did the hedge funds lose enough trying to 
      short this rally to back off for a while?  Could all those puts be 
      protecting long stock? So many questions, so little time.  The nice 
      thing about the market is that there are always two trades to look at one 
      upside and one downside.  It is just a matter of which entry price is 
      hit first.  Have a good week end.  Ira. 
      profitok wrote: 
      
        
        Good EveningHope everyone had a great 
        trade today,,As for tomorrow,,  Most probably 
        the NASDAQ will take a break  and  will not let the SP go 
        forward muchThe 10 day trin on NASDAQ is at a 34 
        day hi and the p/c very  bearish,,<FONT 
        size=-1>However,,this is just a temporary pull 
        backI see NASDAQ at least 6-8% higher from today's 
        close.the sp500  is about the same story,,Vix 
        is at a  34 day low and p/c is  showing institutions loaded up 
        on puts today..this is ALSO  just a temporary 
        pull back (1084.8 Dec futures),,and then up to the 
        races  ,,Objective is   
        1160-1170Be carefulBen 
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