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Nice post, Tony! You sound like a pro to
me.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Tony P
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>RealTraders
Sent: Monday, March 25, 2002 8:30
PM
Subject: [RT] ADMIN - Please
Dear Friends and Acquaintances,
I have been a member of RealTrader since it was sponsored/hosted by
Kasanjian Research. In those days, one was required to complete a
questionnaire regarding one's experience as a trader and familiarity with
technical analysis in order to apply for admittance. I thought I was lucky to
get in to this esteemed group based upon 20 years of amateur technical
analysis. Perhaps the questionnaire was a ruse and I was naive. Mr. Boggio may
know. I do not. Regardless, I felt privileged to be in your company.
Since then I have mostly just lurked to glean pearls of wisdom from the
experts. Occasionally I have posted with trepidation, given the paucity of
knowledge which I possess relative to that of the senior traders who have
frequented this group.
My imperfect memory tells me that shortly after September 11, 2001, the
group fell quiet – then in early 2002, posting activity re-emerged, but now as
you all know it has taken an obscure bent.
My fear is that the senior members of RealTrader, whose contributions are
most valued, may leave because of their disgust with: (i) the marginally
topical postings about 'self-improvement' or the 'enlightened way' to
whatever, (ii) the voluminous objections to those postings, and (iii) the
infrequency of postings with accepted relevance to the mission of
RealTrader.
Therefore, dear friends, in the absence of a moderator, I propose that we
resolve, jointly and severally, to: (i) ignore and delete without comment any
post which does not meet the criteria set out in the RealTrader Objectives and
Policy Directives which Mr. Boggio kindly re-sent today, (ii) set our email to
refuse correspondence from those whose contributions we find objectionable,
and most importantly, (iii) return to posting our observations regarding the
markets.
To practice what I preach, I shall not comment further upon the
subject. Instead, I attach an update of my 3 year INDU chart of March 6,
2002, showing the consummated turn at the right hand apex of the presumed
diamond formation or the original bear resistance line which commenced on
January 14, 2000. Given the recent upside break-out from the 200 SMA of
several indices and the subsequent (or pending) return of those indices to
levels below their 200 SMA, I wonder if the exuberance of late is not simply a
Big Bear Trap. FWIW from a rank amateur.
Regards,
Tony PylypukTo
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