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Hello M.,
August is the crazy season--low volume in equities. I think the
hedgies are playing games constantly before the market gets harder to
muscle around. Next year I may just take off the entire month.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Tuesday, August 20, 2002, 7:19:50 PM, you wrote:
MS> Most amazing has been how well the Nasdaq and techs have held up today.....
MS> even the internets are coming back to life......
MS> in the face of low (no ?) growth prospects for both earnings and sales.
MS> Warning: The market is moving into "perverse mode".....where logic is
MS> nowhere to be found....
MS> Crude bumps up against $30 today....and OSX and OIX indices fall....hard.
MS> That makes sense, right ?
MS> -----Original Message-----
MS> From: Rhonda Guilbeaux [mailto:guilbear@xxxxxxxxxxxxx]
MS> Sent: Tuesday, August 20, 2002 2:17 PM
MS> To: realtraders@xxxxxxxxxxxxxxx
MS> Subject: Re: [RT] Support
MS> Thanks Earl. I think it also depends on if price goes back above 939
MS> sustained and not back below into the
MS> close. Either way, this pullback looks healthy
MS> in my viewpoint even if we do go on to test 927 area. I think it should
MS> provide good support
MS> also if the low for this leg down hasn't
MS> been made yet.
MS> Rhonda
MS> ----- Original Message -----
MS> From: Earl Adamy
MS> To: Realtraders
MS> Sent: Tuesday, August 20, 2002 12:22 PM
MS> Subject: Re: [RT] Support
MS> My work generally agrees with yours ... perfect ABC (C=100%A) at 927 and
MS> an
MS> important pivot low at 926.75. So far, price has been holding C=62% and
MS> if
MS> it continues to hold through lunch, I would expect a strong move up to
MS> resistance in the 965+- area today. Otherwise, as long as the 927 area
MS> holds, we may not see another leg up until Wednesday.
MS> Earl
MS> ----- Original Message -----
MS> From: "Rhonda Guilbeaux" <guilbear@xxxxxxxxxxxxx>
MS> To: "Realtraders@xxxxxxxxxxxxxxx" <realtraders@xxxxxxxxxxxxxxx>
MS> Sent: Tuesday, August 20, 2002 10:25 AM
MS> Subject: [RT] Support
MS> If the intraday lows are broken going
MS> into the afternoon; then looking to see how
MS> support holds in this price area.
MS> If the intraday lows hold, then may
MS> not test it. So far consolidating
MS> near the lows of the day.
MS> best,
MS> Rhonda
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