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Been there, had that done. Good luck with the recovery. You too will have
fun going through airport metal detectors from now on. Ira
----- Original Message -----
From: "BobsKC" <bobskc@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, August 10, 2002 2:56 PM
Subject: Re: [RT] Dow 4000
> I apologize Ira. I have an excuse but still ..
>
> I've only been home from 5 bypass, open heart surgery for 6 days and
> evidently, my mind is not totally grasping what I read. And to think, I'm
> actually better than when I got home. :)
>
> Sorry,,,,
>
> Bob
>
>
>
> At 01:38 PM 8/10/2002 -0700, you wrote:
> >I think you misread what the message said. I stated that I had no
opinion
> >for one thing. Neither bullish nor bearish. If you had also read about
the
> >Gann move you would realize that if the market rallies 2000 points then
the
> >move down would still only be 3000 points or a 1000 below where we are.
The
> >post also stated that one should trade with no opinion, so where you got
the
> >idea that I had one either bearish or bullish I find hard to fathom. Re
> >read what I posted. Ira.
> >----- Original Message -----
> >From: "BobsKC" <bobskc@xxxxxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Saturday, August 10, 2002 10:01 AM
> >Subject: Re: [RT] Dow 4000
> >
> >
> > > It will take more than charts and principals and theories to bring
this
> > > about Ira. It's going to take some fundamentals that are not seen as
> > > yet. There is no where for money to go other than a tin can in the
back
> > > yard at this point so people are not going to continue to opt out of
the
> > > market for something better unless that better is just preservation of
> > > capital and the mind set is so strong now that you have to ride out
the
> > > storms that I'm not sure the public can be flushed to any high
percentage.
> > >
> > > Fundamentally, I see no reason whatever for such a drop. The NAS was
a
> > > giant bubble which has now lost 80% of its air. The S&P was never
even
> > > remotely as over bought and has now retreated into the area of true
value
> > > based on common sense. 80% of our companies are meeting or beating
their
> > > greatly reduced earnings expectations.
> > >
> > > I'm not saying you're wrong of course but I contest that there will be
an
> > > event or series of events required to bring it about and not just
historic
> > > numbers. Seeing you leaning so heavily in this direction gives me
> >somewhat
> > > of a boast toward believing a bottom is in. I have much respect for
you
> > > and if you're so sure of one direction without offering alternatives,
well
> > > Ira, you may just be my new contrary indicator. hehe
> > >
> > > Anyway, 3000 up then 6000 down or just 3000 down all adds up to high
> > > volatility for traders and good money to be made.
> > >
> > > Good trading next week everyone,
> > >
> > > Bob
> > >
> > >
> > > At 08:26 AM 8/10/2002 -0700, you wrote:
> > > >I am neither bullish or bearing most of the time. It is difficult to
> >trade=
> > > > properly if you have an opinion. Some times the simplest things
are
> >the b=
> > > >est. A simple trend line or a tenet by some guru. In this case Gann
and
> >h=
> > > >is famous AB=3DCD. Price in the Dow stopped here because it was
supposed
> >t=
> > > >o if that rule has a basis in fact. Now comes the retracement. If
this
> >br=
> > > >eaks south again there is a possible 3500 point move if AB=3DCD for
the
> >nex=
> > > >t move. The funny thing is that right now there is the possibility
for a
> >3=
> > > >000 point move to the up side which wouldn't void this downward
spiral.
> >Al=
> > > >l stocks won't go to zero even though many stocks which were $100 +
> >stocks =
> > > >a year or two ago are trading for pennies. So keep a clear head and
> >don't =
> > > >let bias warp your trading judgment. Ira.
> > > >
> > > >
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> > >
> > >
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> > >
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> >
> >
> >
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