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Re: [RT] Support-perverse mode



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"The 
market is moving into "perverse mode".....where logic is nowhere to be 
found...."
 
When did it leave?....:)
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  M. 
  Simms 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Tuesday, August 20, 2002 6:19 
  PM
  Subject: RE: [RT] Support-perverse 
  mode
  
  Most amazing 
  has been how well the Nasdaq and techs have held up 
  today.....
  even the 
  internets are coming back to life......
  in the face of 
  low (no ?) growth prospects for both earnings and 
  sales.
  <FONT color=#0000ff 
  size=2> 
  Warning: The 
  market is moving into "perverse mode".....where logic is nowhere to be 
  found....
  Crude bumps up 
  against $30 today....and OSX and OIX indices fall....hard.
  That makes 
  sense, right ?
  <FONT color=#0000ff 
  size=2> 
  <BLOCKQUOTE 
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    <FONT face=Tahoma 
    size=2>-----Original Message-----From: Rhonda Guilbeaux 
    [mailto:guilbear@xxxxxxxxxxxxx]Sent: Tuesday, August 20, 2002 
    2:17 PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: 
    [RT] Support
    Thanks Earl.  I think it also depends 
    on if price goes back above 939
    sustained and not back below into the 
    
    close.  Either way,  this pullback 
    looks healthy
    in my viewpoint even if we do go 
    on to test 927 area.  I think it should provide good support 
    
    also if the low for this leg down 
    hasn't
    been made yet.   
    Rhonda
     
     
     
     
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      ----- Original Message ----- 
      <DIV 
      style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
      Earl Adamy 
      
      To: <A 
      title=realtraders@xxxxxxxxxxxxxxx 
      href="mailto:realtraders@xxxxxxxxxxxxxxx";>Realtraders 
      Sent: Tuesday, August 20, 2002 12:22 
      PM
      Subject: Re: [RT] Support
      My work generally agrees with yours ... perfect ABC 
      (C=100%A) at 927 and animportant pivot low at 926.75. So far, price 
      has been holding C=62% and ifit continues to hold through lunch, I 
      would expect a strong move up toresistance in the 965+- area today. 
      Otherwise, as long as the 927 areaholds, we may not see another leg up 
      until Wednesday.Earl----- Original Message -----From: 
      "Rhonda Guilbeaux" <guilbear@xxxxxxxxxxxxx>To: 
      "Realtraders@xxxxxxxxxxxxxxx" <realtraders@xxxxxxxxxxxxxxx>Sent: 
      Tuesday, August 20, 2002 10:25 AMSubject: [RT] SupportIf 
      the intraday lows are broken goinginto the afternoon; then looking to 
      see howsupport holds in this price area.If the intraday lows 
      hold, then maynot test it.  So far consolidatingnear the lows 
      of the 
      day.best,RhondaTo 
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