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Assuming a follow up in price tomorrow,(which I can only see NASDAQ doing,)
then for this max upside potential is 100 sp points
see long term trading gif aa12303
also for the record I move my stop in the overnight session to 884
and if we hit tomorrow 889,15 will sell 2 out of 4 e mini and 890.25 the
rest
reasons
a would not carry over week end
b p/c bad
c max daily potential is only 900.7(from perfect stop loss gif aaastoploss
all 3 are ALMOST available
Ben
----- Original Message -----
From: "Stan Book" <sbook@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, January 23, 2003 10:43 PM
Subject: Re: [RT] Tomorrow and after
> The path of least resistance for the market may be sidways to up for
awhile.
> (Upside risk
> appears to be greater than downside risk. (Ssee attached chart.)
>
> Hust's concept is that prices tend to oscillate within a narrow envelope
> (green lines) and that the narrow envelope tends to oscillate within a
wider
> envelope (red lines).
>
> The present setup is frequently reliable. Price is tagging the lower edge
of
> the narrow envelope, while both price and narrow envelope are near the
lower
> edge of the wide envelope.
>
> One trigger is a close above the lowest daily high of the
> downtrend. An alternative trigger is a close above the steepest possible
> downtrend line. The more conservatiave trigger is a close above the
> extrapolated narrow envelope downtrend - this event verifies the envelope
> has turned.
>
> It may be instructive to look at the October, 2002 low which presented a
> similar setup. In that case, the downward thrust of 4 year ('90, '94, '98)
> and 20
> year ('21, '42, '62, '82) cycles combined to drive prices beyond normal
> envelope boundaries.
>
> For what it is worth, my best guess is that over the present 20 year
cycle,
> prices will oscillate with significant volatility around a relatively flat
> overall trend. For possible models, look at 1921-1942 as the 'extreme',
and
> 1962-1982 as the 'normal.' The principle of alternation would argue for
the
> '21-'42 model.
>
> -Stan
>
> ----- Original Message -----
> From: "John Cappello" <jvc689@xxxxxxx>
> To: "BobsKC" <bobskc@xxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, January 22, 2003 8:12 PM
> Subject: [RT] Tomorrow and after
>
>
> > Dear Bob,
> >
> > Agreed about stops....At the same time, from people I deem reliable
> > and not extremists plus my own observation, I think a new bull market
> > has started. Just like all bull markets, it is not going to be
> > straight up. It will be an up move and a correction.
> >
> > I have been monitoring earnings in the WSJ since the beginning of the
> > year and close to 70% are increases in revenues and earnings. Even
> > what was reported today on CNN was not all that bad.
> >
> > When Iraq is behind, I believe We Rock.
> >
> > Of course I am hedging a bit to be safe...
> >
> > John
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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>
>
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