Re: [RT] DJIA - the next 4 years

["ira" <mr.ira@xxxxxxxxxxxxx>]

You could very well be right.  I posted what I 
did for the newbies on the list.  They should have a very simple place to 
start and see how price action works along with the consideration of time.  
If they start with something simple and understand how that works then progress 
to the various indicators, time studies ala Hurst, Gann and Elliot theory or 
astrology.  One does not start driving with a formula one car, start med 
school by doing brain surgery or any other profession without a solid foundation 
in the basics.  Trend lines are one of tradings basics. 
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Stan Book 

  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, January 29, 2003 6:32 
  AM
  Subject: Re: [RT] DJIA - the next 4 
  years
  
  Ira,
   
  You are a kind and generous person (not to 
  mention wise) -- A true gentleman. Of course, 
  no one knows the future with any certainty. 
   
  Maybe it is possible for some people to develop 
  reasonable expectations some of the time. I believe, for example, that Richard 
  Ney had a pretty good idea of probable price direction based on his 
  personal knowledge of the investment and trading practices of NYSE 
  specialists. I also believe that J.M. Hurst did an outstanding job of 
  projecting turning points and price targets based on his 
  understanding of nested cycles.
   
  Since no specialist has offered to take me under 
  his wing, I rely on cycles. Across the top of the '98-'02 cycle, I made 
  several posts suggesting that this was the final 4YR cycle of a 20YR advancing 
  phase. My expectation was that the '02 low 
  would not be higher than the '98 low, possibly retracing to the '94 low. 
  A longstanding pattern repeated one more time.
   
  Now I am guessing that a longstanding 
  pattern may repeat again.  Just a guess, you 
understand.
   
  --Stan
   
   
   
  From: <A title=mr.ira@xxxxxxxxxxxxx 
  href="">ira 
  <BLOCKQUOTE 
  >
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Tuesday, January 28, 2003 9:47 
    AM
    Subject: Re: [RT] DJIA - the next 4 
    years
    
    Nothing wrong with cycles.  It is just 
    that you don't know if the next low will be above or below the current 
    low.  The cycles can be perfect in ascending, descending or horizontal 
    price patterns.  Four years from now the next low could be at 1000 or 
    at 12,000 and no one that I know of living or dead could say it can't happen 
    or that it will be any of the points in between.  Any guess of where 
    the next 4 year low will be is just that a guess.  There are just to 
    many variables that can occur which could effect the resulting price 
    action.  IraTo 
  unsubscribe from this group, send an email 
  to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour 
  use of Yahoo! Groups is subject to the <A 
  href="">Yahoo! Terms of Service. 







Yahoo! Groups Sponsor


  ADVERTISEMENT









To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx





Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.