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RE: [RT] short term top



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BUT JOHN, many of us are NOT IN IT FOR THE LONG TERM.
We are looking 2-8 WEEKS out.
A great time horizon for option plays.


> -----Original Message-----
> From: John Cappello [mailto:jvc689@xxxxxxx]
> Sent: Saturday, October 19, 2002 7:46 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] short term top
>
>
>
> Holey Moley!
>
> With all due respect,
>
> For people in this for the long term who cares? Is anyone going to
> adjust their whole portfolio on the basis of what "irrational
> pessimism" that I read upon my return.
>
> I can flip a coin and be right as often as the TA here has been right
> about various markets.
>
> This market abounds with opportunity...some long and some short.
>
> Fundamentals are getting sounder for a lot of stocks. Buy
>
> Fundamentals are strong in several commodities. BUY
>
> Where the opposite is true, just Sell.
>
> Where the technicals agree with the fundamentals, play it accordingly.
>
> The longer I keep an open mind, the more money I have been able to
> make.
>
> How about a little balance in the market posts...when it gets so one
> sided I think there is a good chance that the majority can be wrong.
>
> Shared with impartiality,
>
> John
>
>
>
>
>
>
>
> ------------------ Reply Separator --------------------
> Originally From: delta88343@xxxxxxx
> Subject: Re: [RT] short term top
> Date: 10/19/2002 06:20pm
>
>
> In a message dated 10/19/02 5:06:19 PM Eastern Daylight Time,
> prosys@xxxxxxxxxxxxxxxx writes:
>
>
> >
> > So, this is what you are saying ?(attached)
> > We could get back to the August highs then in a "C" wave move ?
> > This definitely has some merit. Frustrate the shorts, suck-in the
> longs.
> >
> > What I'm refering to on the chart is that we are going to decline
> into the
> vicinity of 11/11.  The strength and duration of that decline could
> tell alot
> of what will happen thereafter based on what cycles exist beyond that
> point.
> Because we have a cluster of 3cycle lows in close proximity, I would
> not be
> surprised if it's a strong move.
>
> We have recieved some good earning news. It was a good reason for
> some
> buying...now that the market is propped up a bit, it's a good reason
> to
> sell...We'll see. It's a volitile market period.
>
>
>
> We have however retraced over 50% of the move from 8/22 to 10/10.
>
>
>
>
>
>
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>
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>




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