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Just to confirm, is this 'previous 4 day high' the 1099.16 from
Thursday?
profitok wrote:
>
> Hello You are all correct,,(Bob r Don T and BobskC,,)
> We most likely will make the highest hi on Monday,,(highest means taking
> out the pervious 4 day hi in the SP)
> this is mostly because the 2 generals in the NASDAQ intc and MSFT will
> have positive and negative effects,,
> The NASDAQ is also having a tough time advancing,, and most likely will
> stall for a day or 2(and the SP. AFTER making this top)
> However it will continue higher,, And so will sp500,,
> the NASDAQ should get to 1800 and SP. top 1150
> The only fly in the soup could be expiration,, which Most likely Will
> effect timing
> This week is NOT a good week to trade,, Just catch up on your list of
> things to do (and make that spouse happy)
> the REAL trend should be more evident AFTER expiration
> BE warned and be careful
> Ben
> p.s the score that BobR posted is not magic,, it is just a sophisticated
> way to measure the market,, True buying and selling pressure
> the data required is trin,, new hi new low ,, up/down volume,, and
> up/down issues,,
>
> ----- Original Message -----
> From: "BobsKC" <bobskc@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, October 13, 2001 4:18 PM
> Subject: Re: [RT] Gen - distribution?
>
> > I did a little shorting on Thursday at the close and covered Friday
> mid-day
> > .. I was ready to take another short position or two at the close Friday
> > but it's all just too neat. Everyone agrees. Everyone. Be they
> > chartists, star watchers, fundamentalists or wave riders, they all agree
> we
> > are headed to new lows or at least a retest and we are going to do this
> > right away. Such consolidation of sentiment scares the hell out of me so
> I
> > went into the weekend mostly in cash. (One oil stock, one biomed, one
> gold
> > issue and 85% cash). Even after all my years of trading, I am clueless
> > right now and when I'm confused, I'm in cash. Why isn't DIS $8 a
> > share? Why isn't CCL $9 a share and how could it go up into that mess on
> > Friday? This old dude is going to have to watch for a while count his
> > chips until the hand becomes clearer.
> >
> > All best next week folks,
> >
> > Bob
> >
> >
> > At 04:00 PM 10/13/01 -0400, you wrote:
> > >The only thing is that divergence often leads to another higher high...
> Also
> > >time is involved.This thing could go even more.. Not disagreeing with you
> > >persay, it is difficult to model accumulation and distribution, except on
> a
> > >cumulative basis on each stock of the index.
> > >For the second week in a row, the futures were bought in the dead period
> of
> > >the day at near average price for the week, That looks to me like people
> are
> > >working it on the bullish side.
> > >
> > >It might be that no one is selling for the moment.
> > >
> > >Don Thompson
> > >
> > >----- Original Message -----
> > >From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> > >To: <realtraders@xxxxxxxxxxxxxxx>
> > >Sent: Saturday, October 13, 2001 3:22 PM
> > >Subject: [RT] Gen - distribution?
> > >
> > >
> > > > One argument for the notion that the last 7 trading days were more
> > > > distributive than accumulative is found in Ben's Profit Taking
> > > > Index(proprietary). The PTI configuration looks the same for the OEX
> and
> > > > NASDAQ even though all the data is totally different. A sell
> divergence
> > > > between the indexes and the PTI's is seen on both charts.
> > > >
> > > > bobr
> > > >
> > > >
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> > > >
> > > >
> > > >
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> > > >
> > >
> > >
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> > >
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> >
> >
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>
>
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