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[RT] Re: bottom?



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--- In realtraders@xxxx, "M. Simms" <prosys@xxxx> wrote:
> and, if the timing is right, it (the rally) would keep the GOP in 
power ;)

Ya think they've had it planned since '74? FWIW, by many accounts,
that bear lasted another eight years (or at least took eight years
to make a new high) after the 1974 low. Anyway, I doubt a few weeks 
of rally will make much difference to the GOP's future. 


> > -----Original Message-----
> > From: tradewynne [mailto:tradewynne@x...]
> > Sent: Saturday, August 17, 2002 1:37 PM
> > To: realtraders@xxxx
> > Subject: [RT] Re: bottom?
> >
> >
> > > I really don't know, but I don't expect an EXACT replay.
> > > Even though the DJI made a new low in Dec '74, the S&P did not:
> > >
> > > http://www.sharelynx.net/Charts/SP5001974.gif
> > >
> > > I mentioned the SPX 'cause (to me) first resistance is very 
clear
> > > and very close @ 935.
> >
> > FWIW, *if* the market had similar percentage rallies compared to
> > the fall of 1974 the SPX might hit 960+ and the DJI 9100+. Again,
> > I'm NOT saying that will happen, but if it did, it would probably
> > suck in the bulls and knock out the bears just at the wrong time.
> > *IF* the pattern continued to follow 1974.
> >
> > --- In realtraders@xxxx, "tradewynne" <tradewynne@xxxx> wrote:
> > > --- In realtraders@xxxx, "M. Simms" <prosys@xxxx> wrote:
> > > > I see that the SPX is looking similar in the Nov 74 time-
frame....
> > > > so you are saying if resistance overcomes this latest up-move,
> > > > we are going back down to re-test our 775 level as in Dec 74 ?
> > >
> > > I really don't know, but I don't expect an EXACT replay.
> > > Even though the DJI made a new low in Dec '74, the S&P did not:
> > >
> > > http://www.sharelynx.net/Charts/SP5001974.gif
> > >
> > > I mentioned the SPX 'cause (to me) first resistance is very 
clear
> > > and very close @ 935. Also fascinating to me: if the DJI does 
make
> > a
> > > moderate new low it might tag the 38.2% retracement
> > > of the entire rally off (guess when?) the 1974 low (near 7480).
> > > BTW, the recent DJI low (7533) overshot the 38.2% retracement of
> > the
> > > rally from the 1982 low (7555) by about 22 points. It would just
> > > be very cool if the market paid its respects to both of those 
lows
> > > in terms of pattern and price. Moreover the 2000-2002 DJI 
pattern
> > has
> > > similar feature, on a smaller scale, to the 1966-1974 DJI 
pattern.
> > >
> > > http://www.sharelynx.net/Charts/USDJIND1960.gif
> > >
> > > BW
> > >
> > > >
> > > >
> > > > > -----Original Message-----
> > > > > From: tradewynne [mailto:tradewynne@x...]
> > > > > Sent: Friday, August 16, 2002 11:26 AM
> > > > > To: realtraders@xxxx
> > > > > Subject: [RT] Re: bottom?
> > > > >
> > > > >
> > > > > Still a major test overhead in the SPX from 935 to 950.
> > > > > Previous hourly to weekly swings, and the weekly "neckline."
> > > > > Also, check out the 1974 DJI charts.... so far the pattern 
is
> > > > > similar. We'll know pretty soon.
> > > > >
> > > > > http://www.sharelynx.net/Charts/USDJIND1974cr.gif
> > > > >
> > > > > BW
> > > > >
> > > > >
> > > > > --- In realtraders@xxxx, BobsKC <bobskc@xxxx> wrote:
> > > > > > Well, I had doubted that a bottom of any significance had
> > been
> > > put
> > > > > in but
> > > > > > reading this list, I am not so sure now.  The doom and 
gloom
> > and
> > > > > tomb
> > > > > > comments are everywhere.  Prector is being quoted.  The
> > future
> > > is
> > > > > bleak to
> > > > > > non-existant.  The Chinese are taking over America if not 
the
> > > > > world.  Banks
> > > > > > and the Fed are both gambling.  Capitulation is at hand ..
> > (or
> > > has
> > > > > it
> > > > > > happened?)
> > > > > >
> > > > > > Bob
> > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
> > > > > realtraders-unsubscribe@xxxx
> > > > >
> > > > >
> > > > >
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> > > http://docs.yahoo.com/info/terms/
> > > > >
> > > > >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
> > Your use of Yahoo! Groups is subject to 
http://docs.yahoo.com/info/terms/
> >
> >


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