Re: [RT] MKT - INDU diamond

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

correction...make that "after a big rundown, 
bullish".
<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: Wednesday, May 15, 2002 11:03 
  AM
  Subject: RE: [RT] MKT - INDU 
diamond
  
  <FONT face=Arial color=#0000ff 
  size=2>thks
   
  
    <FONT face=Tahoma 
    size=2>-----Original Message-----From: BobR 
    [mailto:bobrabcd@xxxxxxxxxxxxx]Sent: Wednesday, May 15, 2002 1:55 
    PMTo: <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxxSubject: 
    Re: [RT] MKT - INDU diamond
    Perhaps like any other triangle on the right 
    side.  "Encyclopedia of Chart Patterns" by Bulkowski has some examples 
    of diamonds on daily charts which are more significant than 10 minute bars 
    for sure.  On the dailies, diamonds after a big runup are bearish, 
    after a big rundown bearish.
     
    From page 165 for  tops 
    dailies
    Average decline 21%
    Percentage meeting predicted price target 
    79%
     
    For bottoms
    Average rise 35%
    Percentage meeting price target 
95%
    <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: Wednesday, May 15, 2002 10:30 
      AM
      Subject: RE: [RT] MKT - INDU 
      diamond
      
      <FONT face=Arial color=#0000ff 
      size=2>I am not familiar w/ the diamond how does it normally 
      resolve
      
        <FONT face=Tahoma 
        size=2>-----Original Message-----From: BobR 
        [mailto:bobrabcd@xxxxxxxxxxxxx]Sent: Wednesday, May 15, 2002 
        1:21 PMTo: <A 
        href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxxSubject: 
        [RT] MKT - INDU diamondAre we going to see some 
        real energetic activity around or prior to 4PMtoday?  Looks 
        like a diamond on the 10 minute 
        charts.bobrTo unsubscribe from this group, 
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