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Jim,
Normally August is the worst month for me over the past 7 years. This year
not so bad, but the month is not over yet either :-)
don ewers
----- Original Message -----
From: "Jim Johnson" <jejohn@xxxxxxxxxxx>
To: "M. Simms" <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, August 20, 2002 6:37 PM
Subject: Re[2]: [RT] Support-perverse mode
> 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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