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Sell point = stop under the correction low to which I referred. My
expectation is for a breakout and acceleration but I am often wrong, thus
the stop to protect profits. While my bullish targets are 984 and 1055, I
probably would not wait until then to exit and/or put on shorts. The market
will tell me when it is time to sell ... for now I let it lead.
Earl
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, January 09, 2003 1:04 PM
Subject: Re: [RT] What is the Hurst thinking
Sell points?
----- Original Message -----
From: EarlA
To: realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, January 09, 2003 11:17 AM
Subject: Re: [RT] What is the Hurst thinking
This is 5m chart I have been watching this morning. The 1x1 red line
represents a balance point for price and time. The sharp rally had led
price
far ahead of time, now the two are in balance. I would not want to see a
move lower.
Earl
----- Original Message -----
From: "EarlA" <earl.a@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, January 09, 2003 11:59 AM
Subject: Re: [RT] What is the Hurst thinking
> Based on hourly volume, today's NYSE run rate is about same as
yesterday's.
> Yes, a spurt in volume rate toward 2b and close above 931.77 would be
strong
> sign. The correction has accelerated and is now below the 25% flag level
but
> within the 38% level. A/D volumes have pulled back a bit more to NYSE
4:1
> and NASDAQ 7:1. No major technical damage yet but time will tell. I
believe
> move above 931.77 will force more short covering, then some real buying
will
> be required to keep it running to targets I mentioned. I am also very
eager
> to see the COT for the SP tomorrow to ascertain if commercials have
> decreased (or increased) the large short positions they have established
> over past couple of weeks.
>
> Bottom line ... I closed out my LEAP puts last week in expectation of
> establishing short positions at higher levels. For now am modestly long.
>
> Earl
>
> ----- Original Message -----
> From: "Charles Meyer" <chaze@xxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, January 09, 2003 11:46 AM
> Subject: Re: [RT] What is the Hurst thinking
>
>
> > Earl,
> >
> > Are you looking for today's total volume to exceed yesterday's;
> accompanied
> > by a close above
> > 931.77 for follow-through tomorrow? Tks for any comments you can
provide.
> >
> > chas
> >
> > ----- Original Message -----
> > From: EarlA <earl.a@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, January 09, 2003 12:33 PM
> > Subject: Re: [RT] What is the Hurst thinking
> >
> >
> > > I would hardly want to be confused with a raging bull, however this
> rally
> > > has been on very strong NYSE and NASDAQ A/D volume and looks like it
has
> > > legs. If SPX can take out high of 931.77, this thing could be in for
a
> > good
> > > run ... 984 is in range and 1055 is possible. All bets are off if
the
> A/D
> > > volumes deteriorate into the close. So far, the A/D volumes have
pulled
> > back
> > > modestly and the rally is flagging out in the 25% retracement area.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Thursday, January 09, 2003 10:57 AM
> > > Subject: Re: [RT] What is the Hurst thinking
> > >
> > >
> > > Been a busy day. What now? If you took the long last night, then I
> would
> > > exit now, if you haven't already. Nastick is sick. Max move has
been
> > made
> > > at +0.382 of yesterday's range added to high of yesterday. Percent
move
> > > also has run its course. Odds are most of the money has already
been
> made
> > > today. No QQQ chart here cuz of screwed dtn data so use NDX.
> > >
> > > bobr
> > >
> > > ----- Original Message -----
> > > From: Clyde Lee
> > > To: realtraders@xxxxxxxxxxxxxxx
> > > Sent: Thursday, January 09, 2003 9:35 AM
> > > Subject: [RT] What is the Hurst thinking
> > >
> > >
> > > This thing told me to go long last night and I did not.
> > >
> > > What now ? ? ?
> > >
> > > Clyde
> > >
> > > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > > Clyde Lee Chairman/CEO (Home of SwingMachine)
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