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I thought it was a beautiful day.
Fit the Hurst_Fourier projections almost to a "t".
So I'm out, waiting for an indication of another reversal
to the upside for a long trade. I would not go short in this
market at all but that may be a mistake.
Clyde
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105 Office: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
Details at: www.theswingmachine.com
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----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <MedianLine@xxxxxxxxxxxxxxx>
Sent: Thursday, August 01, 2002 8:49 PM
Subject: [RT] Not A Pretty Day
>
> 1. NYSE Advancing issues 1232 and Declining issues 1989
>
> 2. Nas Advancing issues 1150 and Declining issue 2241
>
> 3. Momentum -1.08 vs -0.64 prior day
>
> 4. All of days 60 min bars below moving average volume line.
>
> 5. Talking Head guest talking about high S%&P PE's relative to
> value.Something new right?
>
> 6. Negative economic news.
>
> I think I covered my short too soon. But worse days have seen turn
> arounds for what appeared to be no good reason.
>
> I thought today would be a 50/50 shot as an up day. Tomorrow I would
> not give odds but call them as I see them.
>
> Any other ideas?
>
> John
>
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