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Ok,
You are on record to forecast a down day for the S&P Mon. July 8.
Correct?
John
------------------ Reply Separator --------------------
Originally From: "reinar2020" <reinar2020@xxxxxxxxx>
Subject: [RT] Re: Question #4
Date: 07/07/2002 05:06pm
Per your request
http://www.precisiontrader.com/index_analysis.htm
--- In realtraders@xxxx, "slevyaa" <slevy1220@xxxx> wrote:
> Please post the site to which you refer. Thanks
>
> --- In realtraders@xxxx, "reinar2020" <reinar2020@xxxx> wrote:
> > Well John
> >
> > "The behavior of the specialists does not lie" Richard Ney
> >
> > 4. Why were most TA people pointing their indicaters down on Fri.?
> > My wall street sailing report was pointing in one direction up.
> >
> > what the site says is below.
> >
> > Forecast for July 5
> > The numbers are in and inventory is six while setups are 9:0
> > The Captian is looking for substantial gusts towards the north to
> > the next marker.
> >
> >
> > Happy 4th
> >
> > For July 3 we forecasted... The patterns of the inventory level
and
> > setups are what one sees as the ship is making a wide turn near a
> > marker. As forecasted prices went a few points past the marker ...
> > (location posted hours before to the email group) ...... and
turned
> > to avoid the sand bar...(Sent out to free email yahoogroup while
> > occuring). As you know a 11:1 setup ratio is positive for upward
> > prices. This drove northbound winds after prices turned to avoid
> the
> > sand bar. Near the end of the day we saw the high long setup
> > numbers...with a neutral inventory move prices through a minor
sand
> > bar, that otherwise might give significant resistance.
> >
> >
> >
> > Forecast for July 3
> > The forecasted up move in the morning .......based upon 6 only
long
> > setups was weak. Prices continued south most of the day..
Inventory
> > has come up in the last few days and is now at 9.. Along with the
> > short set up numbers being about as low as they can get.......
> this
> > would suggest that new shorts are not being put on. For tomorrow
> the
> > long set up vs short set up numbers are 11:1.
> > The patterns of the inventory level and setups are what one sees
as
> > the ship is making a wide turn near a marker .
> > Enjoy Independence Day.
> >
> >
> >
> > --- In realtraders@xxxx, John Cappello <jvc689@xxxx> wrote:
> > >
> > > 1. What makes anyone think that a rally as significant as Fri.
> was
> > > just short covering?
> > >
> > > 2. What makes anyone think that Hurst Channels will be anything
> > more
> > > than just another indicater given the amount of work put into
it.
> > >
> > > 3. Why should Norm offer more sound advice than he already does
> at
> > no
> > > charge?
> > >
> > > 4. Why were most TA people pointing their indicaters down on
Fri.?
> > >
> > > 5. Why do people seem to think that the ability to program
> > correlates
> > > with coming up with sound ideas that are useful for real time
> > trading?
> > >
> > > 6. How can pitchforks be reliable when they are so dependent
upon
> > the
> > > eye and perception?
> > >
> > > These are just a few questions I have had after seeing so many
> > posts
> > > on these subjects.They are meant for educational purposes of
> > myself
> > > and perhaps others. I have more, but they can wait.
> > >
> > > John
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