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Volume IS showing a BULLISH divergence on the sp500
but not on the NASDAQ
I suspect the run down will be shallow
WE will MAKE A LOWER LOW ON BOTH
but I will be a buyer
now this is NOT for the faint heart as this WILL take a while
to climb back to 1160
nice evening
Ben
<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:
Lee Morris
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, April 02, 2002 10:05
PM
Subject: RE: [RT] Time and Motion Trading
Test
<SPAN
class=680575602-03042002>Earl, it seems I'm in the boat next to you as my play
book is the same. The issue I've got is that we are running out of real estate
on the downside and the vix is not moving and if we do not get going soon
several of the longer cycles and the seasonality will work against us. I see a
lot of possible CIT around the 8th which is next monday
<FONT face=Tahoma
size=2>-----Original Message-----From: Earl Adamy
[mailto:eadamy@xxxxxxxxxx]Sent: Tuesday, April 02, 2002 9:46
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
Time and Motion Trading TestI'm still working with
the weekly ABC projection SP futures chart I postedin October. When the
SP put in the 1073 low, I was able to refine my W.Ctarget to a range of
1222-1331 which I expected to be reached in April.Thus, I've been
expecting a rally for some weeks now, however so far it hasnot been
ready to move. What I am observing is a constant and violentrotation
under the hood of a very low VIX and oscillating breadth. OnMonday, the
ND rallied strongly while the SP lagged badly. Today, NDdeclined
strongly while the SP put in a flag and then refused to break.
Thisalternation has been occurring rather frequently which is indicative
of achurning market which is difficult for traders and hazardous to
investors.I'm not sure when this will end, however positive seasonality
ends at theend of this month. My best guess is that the SP will undergo
a sharp declinewithin a few days and then commence the expected
rally.Earl----- Original Message -----From: "Bob
Heisler" <BHEISLER@xxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Tuesday, April 02, 2002 6:29
PMSubject: Re: [RT] Time and Motion Trading Test> I was
looking for the same thing Earl. I thought we had something
whenthe> ND broke and held 1430ish, but while the ND crept lower
the Dow crepthigher> trapping the S&P inside a 6 point
range...ugh. It would sure be nice to> have a day(s) when the
DJ/ND are in sync instead of divergent the majority> of the
time. Looks like we need the Dow to surrender the 260 area to
get> through 1134 which should liven things up a bit. In the
interim I hope> bonds continue to move the way they have been.
What a pleasure it was to> trade them again today.>>
Bob>> ----- Original Message -----> From: "Earl Adamy"
<eadamy@xxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Tuesday, April 02, 2002
9:59 AM> Subject: Re: [RT] Time and Motion Trading
Test>>> > I submit that this morning's trading is
nothing more than a bear flag> > setting up within the bounds of
38% retracement of the decline ... this> > suggests that 1134 is
unlikely to hold.> >> > Earl> >> >
----- Original Message -----> > From: "BobR"
<bobrabcd@xxxxxxxxxxxxx>> > To:
<realtraders@xxxxxxxxxxxxxxx>> > Sent: Tuesday, April 02,
2002 8:55 AM> > Subject: Re: [RT] Time and Motion Trading
Test> >> >> > > Classical MP theory says we
are in for a range bound day defined by> 1144.1> > > and
1134.30 because the open was within Monday's value area. So
farthe> > > first 3 half hour brackets are pretty much
hanging onto Monday's value> > area> > > pivot of
1139.2. So, its for S/R trading within vah and val until a>
close> > > and open outside that area.> >
>> > > bobr> > >> > > -----
Original Message -----> > > From: "BobR"
<bobrabcd@xxxxxxxxxxxxx>> > > To:
<realtraders@xxxxxxxxxxxxxxx>> > > Sent: Tuesday, April
02, 2002 7:43 AM> > > Subject: Re: [RT] Time and Motion Trading
Test> > >> > >> > > > The system
trade here is a break above the first hour high at 1141.5>
and> > > > since the day's range is so narrow so far
compared to the average,> John> > > > might easily
get the 4 points to take it from the current four tothe> >
> > average of 9.29.> > > >> > > >
bobr> > > >> > > > ----- Original Message
-----> > > > From: "John Cappello"
<jvc689@xxxxxxx>> > > > To: "Ira Tunik"
<irat@xxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>> >
> > Sent: Tuesday, April 02, 2002 7:29 AM> > > >
Subject: [RT] Time and Motion Trading Test> > > >>
> > >> > > > > Dear Ira,> > > >
>> > > > > I am using EST . The cash S&P at 10 AM
was -7.4 and at 10:15 was -> > > > > 7.14, maybe a buy
signal in raw state. I am looking initially at a4> > > >
> pt stop and 11:15 AM exit.> > > > >> >
> > > Sincerely,> > > > >> > > >
> John> > > > >> > > > >>
> > > >> > > > > ------------------ Reply
Separator --------------------> > > > > Originally From:
Ira Tunik <irat@xxxxxxxxx>> > > > > Subject: Re:
[RT] Time and Motion Trading> > > > > Date: 04/02/2002
06:32am> > > > >> > > > >> >
> > > In almost any cycle study a pattern shows up. When you
use 10:00> AM,> > > > > which> > >
> > time zone are you in? If you are still trading at 2 PM
itcertainly> > > > > isn't> > > >
> the west coast. By breaking down the daily bars one can
locate> > > > > certain times> > > > >
of the day when markets tend to reverse their direction. If
youget> > > > > down to> > > > >
the 5 min. 3 min. and 1 min. time frames you are able to get
downto> > > > > the 1> > > > > 1/2
hour cycles, etc. There used to be patterns that
occurredwhen> > > > > it was> > > >
> lunch time in NY and Chicago, but they only held up for a
little> > > > > while. One> > > >
> has to take the time to not only find the cycle but to analyze
it> and> > > > > understand that it will not
remain constant and for a while they> > > > > could
become> > > > > self fulfilling. I have not been
able to find a timing systemthat> > > > >
will> > > > > stand alone as a trading vehicle. If
anyone has, I would be> > > > > interested. Ira.>
> > > >> > > > > PS. Does the sky have a
color or is it just a reflection of> something> > > >
> else?> > > > > Just like some on this list, who act
as mirrors of drivel and bad> > > > > taste.> >
> > >> > > > > John Cappello wrote:> >
> > >> > > > > > Certain authors have written
about the subject. The one I have> been> > > > >
> casually following is an observation that the S&P market
startsto> > > > > > establish two major moves ,
one at 10 AM and another at 2 PM.> > > > > >>
> > > > > I have just been observing the 10 AM move by
logging in the cash> > > > > > value at 10 AM and
again at 10:15 AM. In 4 of the five days> followed> > >
> > > the direction up or down movement was sustained to at
leastuntil> > > > > > 11:15 for what appeared to
be a profit.> > > > > >> > > > >
> Has anyone tried to build a system around anything close to
this> > > > > > concept.?> > > > >
>> > > > > > Ben made a beautiful post on calls
with charts and all...no> comments> > > > > >
from the peanut gallery likely because they did not
understandit.> > > > > >> > > >
>> > > > >> > > > >
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> > >> >
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