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Be careful with
that "OR" condition in there....<SPAN
class=710330314-28012003>as-stated, you are
correct.
But I am implying
an "IF-THEN" correlation:
IF the market is
down to new lows, THEN the US is having trouble with Iraq.
or in
reverse:
IF the US is
having trouble with Iraq, THEN the market will go down to new
lows
<FONT color=#0000ff
size=2>
I don't agree
these events are INDEPENDENT of EACH OTHER....that's the
key.
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: Dom Perrino
[mailto:acutimer@xxxxxxxxxxxxx]Sent: Monday, January 27, 2003 10:31
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
NDX_60m
no. we cannot predetermine that if market moves
up or down that certain events will
occur.
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
M.
Simms
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, January 27, 2003 9:47
PM
Subject: RE: [RT] NDX_60m
Sounds like
we are going to lose to Sadaam then ?
<FONT color=#0000ff
size=2>right.
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: Dom Perrino
[mailto:acutimer@xxxxxxxxxxxxx]Sent: Monday, January 27, 2003
8:30 PMTo: <A
href="">realtraders@xxxxxxxxxxxxxxxSubject:
Re: [RT] NDX_60m
Forgot to mention that the outcome, even if
we have short term rally, will be to the downside Below the lows of
last Oct.
Dom
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dom
Perrino
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, January 27, 2003 8:18
PM
Subject: Re: [RT] NDX_60m
Hi,
My crystal ball agrees with your
scenario 100%.
Dom
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
<A title=thegirlisherenow@xxxxxxxxx
href="">victoria keeling
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, January 27, 2003
5:53 PM
Subject: [RT] NDX_60m
okay, it's a wrap...will support hold? two guys I respect a lot
[larry pesavento and bob carver] are both very bullish as of
today...while I am not sold yet, I have to concede that this game is
always full of surprises. a final thrust up would likely catch the
most traders with their pants down...and that being the biggest joke
the mkt likes to play, it could very well happen. but first things
first...in spite of all the super-duper techniques we have to forecast
direction, price always has the final word...and what it's saying
right now is not decisive, either way...teetering on the precipice as
it is.
the attached chart shows my bottom-line litmus test and it is a
simple one...a swing low printed on the hourly chart today (actually
printed in the first hour and then dropped lower still as the day
progressed!) must be confirmed...and it ain't happened
yet! I want to see the RSI up--straight as an arrow--to convince me
that we really have this swing low in place. it simply does not
fail if we're gonna get more that a 25-30 pt move.....which
is fine, but I'm not daytrading right now so I'm personally
looking for a more sustainable move.
a final note: the mkt has been reacting to war drums for the past 2
weeks...even if GW says he's going in personally to off sadam, we
could get a small relief rally this week, just because the tension
will break...that's all I can forsee in the bullish scenario--the
possibility of higher prices from which to go short!
anyway...blah-blah-blah...here's the chart...
V
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