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OK Norm,
I see your crystal ball is working. I'll keep an eye out for its
specificity. You have been a wonder in the past.
My compliments,
John
------------------ Reply Separator --------------------
Originally From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
Subject: Re: [RT] Finale Thursday Prognosis of S&P
Date: 08/15/2002 04:32pm
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>; "RealTraders"
<realtraders@xxxxxxxxxxxxxxx>
Cc: <MedianLine@xxxxxxxxxxxxxxx>
Sent: Thursday, August 15, 2002 4:16 PM
Subject: [RT] Finale Thursday Prognosis of S&P
>
> OK Everyone,
>
> I admit the market proved me wrong about the scenario I presented.
>
> But it would be nice to see more of you go out on a limb with a
> concept for the following day. Shared ideas whether right or wrong
is
> a great learning and humbling experience.
>
> Sincerely,
>
> John,
Ok Dr. John, Aug. 16 = DJIA close + 34
Probable mid day peak and a low in the techs circa 3:09 PM EDT
I hope that is enough limb for you?
Cheers,
Norman
>
>
>
> ------------------ Reply Separator --------------------
> Originally From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
> Subject: [RT] Thursday Prognosis of S&P
> Date: 08/15/2002 01:56pm
>
>
> Tell me again how DYN and AOL aren't factored into the markets...
>
> Kent
>
>
> ----- Original Message -----
> From: "John Cappello" <jvc689@xxxxxxx>
> To: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>;
> <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, August 15, 2002 12:17 AM
> Subject: Thursday Prognosis of S&P
>
>
>
> Good to have your opinion though I disagree in several areas. No one
> really knows what is factored in the market.
>
> Much of the buying came from those selling low yielding bonds to
get
> into equities according to newsletters I receive. The put/call ratio
> is 0.7.
>
> I definitely do not believe AOL Time Warner remake of past profits
is
> in the market.
>
> I have the same belief that the Dynegy refusal to sign off is not in
> the market.
>
> Both were announced after the close.
>
> John
>
>
> ------------------ Reply Separator --------------------
> Originally From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
> Subject: Re: [RT] Thursday Prognosis of S&P
> Date: 08/14/2002 11:57pm
>
>
>
> ----- Original Message -----
> From: "John Cappello" <jvc689@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <MedianLine@xxxxxxxxxxxxxxx>
> Sent: Wednesday, August 14, 2002 7:38 PM
> Subject: [RT] Thursday Prognosis of S&P
>
>
>
> >1. UAL will announce Bankruptcy plans
>
> Factored into the market.
>
> >2. Major CEOs of certain firms will not sign
>
> Factored into the market to a certain extent.
>
> >3. Companies will announce a need to redo back years
>
> Unless IBM comes out and announces $10B in overstated earnings, this
> is
> factored in as well.
>
> >4. While we passed the early Aug. high we are still below July
highs
>
> Got to pass August before getting to July.
>
> >5. The 200 day moving average is a long way off
>
> Got to start somewhere.
>
> >6. 775.9 may have been the low for this cycle but that does not
mean
> 880 will not be retested.
>
> Not for a few months atleast.
>
> >We can move higher but I think we will end lower. It would not take
> much to derail this uptrend which until now has been fueled by weak
> volume.
>
> Weak volume is okay. That means everyone doubts it. That's why it
> will
> continue for a while.
>
> Kent
>
>
>
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