|
PureBytes Links
Trading Reference Links
|
Dorothy made no secret of the fact that she was a broker of long experience
(I could never decide why she kept mentioning this), however her market
calls here were pretty mixed. According to Don, she has moved on to other
pastures.
I don't have the charts you posted but if your analysis was right on, you
don't need Dorothy to confirm your work. I think most of us have been
awestruck by the strength of this rally and absence of meaningful
retracements. I was bullish but fully expected a minimum 50% retracement
back in November before the rally resumed. Has this market moved far and
fast ... you bet! Can it rally further ... you bet ... I have targets to
1200 for the spoo. Are we at dangerous levels ... I sure think so but I'm
not rushing to put on any shorts.
I am of the opinion that much of the economic recovery and expected profit
recovery is going to vaporize, however I can't prove it. Color me suspicious
when analysts are quoting 2 year ahead (2003) earnings forecasts to justify
prices at a market bottom ... market bottoms have always been marked by use
of trailing earnings because the trailing earnings are better than the
expected earnings on the way down.
Earl
----- Original Message -----
From: "Ralph Volpe" <rjv@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, December 06, 2001 11:35 AM
Subject: [RT] Dorothy???
> Dorothy, are you still out there? Some time ago I posted long-term
> charts of the NASD and INDU with my analysis that this market was in for
> a nice rise. Well, I think this rise should end by Monday of next week.
> My question to you, Dorothy, and others, do you share my view on the
> vulnerability of this market or should we succumb to the 'talking heads'
> again with their exuberance for a rebound?
>
> --
> Ralph => E-mail => rjv@xxxxxxxxxx
>
>
>
>
> 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/
>
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Stop Smoking Now
Nicotrol will help
http://us.click.yahoo.com/2vN8tD/_pSDAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
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/
|