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A comment on patterns and divergences:
Nasdaq appears ready to retest recent lows.....
not so for the S&P.
> -----Original Message-----
> From: Clyde Lee [mailto:clydelee@xxxxxxxxxx]
> Sent: Thursday, August 01, 2002 9:57 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Not A Pretty Day
>
>
> 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
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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
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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>
>
>
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